PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2022

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32.

The statement "The most important goal of firms is to maximize profits"

A: Is a normative statement and thus cannot be tested
B: Applies only to corporations
C: Is an unrealistic assumption, and therefore oflittle use to economists
D: Is an assumption used by economists to predict the behavior offirms

The answer is: D

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