If a firm establishes maximizing profits at the most important goal of the firm, which of the following would not be given proper consideration?

Question

Quizplus · Accepted Answer

If a firm is solely focused on maximizing profits, they may neglect to properly consider the level of risk associated with their actions or decisions. This could lead to potentially damaging consequences for the business in the long run. Therefore, risk should be given proper consideration and not ignored. Sales revenues, expenses, and cost of goods sold are all factors that would still be considered in a profit-maximizing approach.

If a Firm Establishes Maximizing Profits at the Most Important