Multiple choice

The main aim to start a new business is

  1. Earn profit

  2. Earn asset

  3. Earn liabilities

  4. To serve people
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The primary objective of starting a business is to generate profit, which is the difference between revenue and expenses. While serving people may be a secondary goal or mission, earning profit is what sustains a business and is its fundamental economic purpose. Assets and liabilities are balance sheet items, not objectives.

Keep practicing — related questions