Which of the following statements is NOT true regarding businesses?
A)Successful businesses seek to meet their social and ethical responsibilities.
B)Businesses provide goods and services necessary to an economic system.
C)Businesses are the economic pulse of a nation.
D)Businesses are nonprofit organizations that provide services to the public.

Question

Quizplus · Accepted Answer

This statement is not true as businesses are typically for-profit organizations that seek to maximize profits for their owners/shareholders. Nonprofit organizations, on the other hand, provide services to the public and are not driven by profit-making motives.

Which of the Following Statements Is NOT True Regarding Businesses