A successful firm not only focuses on profit, but also considers the impact it has on the community and employees. Additionally, it should be aware of economic and environmental trends outside the company to make informed decisions. The other choices (B and C) only value numeric profit and solely rely on profit and loss statements, which limits the overall success of the company.

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A Successful Firm

Question 138

Multiple Choice

A successful firm

A) places appropriate emphasis on profit, is aware of economic and environmental trends outside the company, and measures impact on the community and employees.
B) values numeric profit and encourage employees to do what is in their power to increase profits.
C) ensures there are always monthly, quarterly, and annual profit and lost statements as the sole measure of success so that all employees are aware of the success or failure of a period.
D) none of the above

Correct Answer: