Business is done not to earn profits.

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B
False

False. Business is done to earn profits, which is the reward for bearing the risk involved in doing the business.

Suggest Corrections

Similar questions

Accounting principles and systems that are followed by business for profit organisations & that are run with an objective not to earn profits are

'Profit earning is not the only objective of the business ? Give any four reasons to justify the statement.

Join BYJU'S Learning Program