Final exam bus 458 Study guides, Class notes & Summaries

1. The primary goal of a business firm is to _________________. A. promote fairness. B. make a quality product. C. promote workforce job satisfaction. D. maximize profit. 2. John fishes for a living. Last year, he sold $100,000 of fish. Bait, nets and other fishing supplies cost John $10,000 and he paid $40,000 in salaries to his helpers. Depreciation on his boat and other equipment, as calculated using IRS rules, was $15,000. What was John's profit as would be calculated by an accou...