BUS 458
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Final Exam BUS 458 Fall 2020
- Exam (elaborations) • 8 pages • 2021
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Edwin001
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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...

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