Multiple Choice
Which of these is a reason why achieving the maximum possible profit in a particular year may not be in the best interests of a business?
A) If it is achieved with high-risk strategies, such as excessive reliance on borrowings, it could lead to disaster in the longer term.
B) It may be achieved by causing environmental problems which give the business a bad reputation.
C) Concentrating on the short term may have detrimental effects in the long term.
D) All of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: A balance sheet shows:<br>A) the financial position
Q34: The characteristic of accounting information that requires
Q35: The qualitative characteristic of accounting information that
Q36: Another name for the income statement is:<br>A)
Q37: Another name for the balance sheet is:<br>A)
Q39: The primary goal of management accounting is
Q40: The financial statement which shows all the
Q41: Calculate the cash available at the end
Q42: Tom owns an antique writing desk he
Q43: The set of financial reports made available