Give one advantage of forming a business as a corporation

Assignment Help Microeconomics

Reference no: EM13198520

1. "Right to work" laws generally make union shops illegal.

True
False

2. Monopolistic competition is characterized by all of the following EXCEPT:
a single seller dominates the market
differentiated products
sellers have only slight control over price
nonprice competition

3. A consumer's tendency to substitute a lower-priced product for a similar, higher-priced one is called the ________.
law of diminishing marginal utility
real income effect
elasticity of demand
substitution effect

4. One advantage of forming a business as a corporation is:
the business is subject to less taxes and fewer government regulations
limited liability
management can make quick decisions
individual stockholders can influence daily business

5. The owners of preferred stock sacrifice their voting rights for the potential of higher earnings and lower risk.
True
False

6. Price has a direct relationship with:
supply
labor
costs of production
demand

7. Price has an inverse relationship with:
supply
labor
costs of production
demand

8. A shift to the left in the demand curve indicates:
increase in population
decrease in demand
increase in demand
decrease in price

9. A price ceiling is:
the lowest price producers can hope to charge for their goods
the highest price at which a good can be sold before making a profit
a government-imposed maximum price on a particular good or service
twice the equilibrium price

10. According to the Law of Supply:
as the price of a good rises, supply increases
as the price of a good falls, supply increases
as the price of a good rises, supply decreases
as the price of a good falls, supply remains constant

Reference no: EM13198520

Questions Cloud

What problems does bill marlowe face : What problems does Bill Marlowe face and are the problems related to the way IWT is organized, or are they related to the employees?

Determine how many minutes it will take for the pie to cool : Determine how many minutes it will take for the pie to cool to 75 degrees.

Social welfare programs that were designed to end poverty : Why are there still poor people in America half a century after the implementation of a system of social welfare programs that were designed to end poverty? How much faith do you have that social security and Medicare will be there when it’s your tur..

State daily reflections of your fitness progression : Daily reflections of your fitness progression, including energy levels, eating habits, changes in muscle tone and cardio-respiratory endurance should be recorded after every class session."

Give one advantage of forming a business as a corporation : One advantage of forming a business as a corporation is: the business is subject to less taxes and fewer government regulations limited liability management can make quick decisions individual stockholders can influence daily business

Define technology and how it has affected our lives : Why? I need to explain the technology of choice and how it has affected our lives I need a response of at least 350 words in order to use as a reference.

Black market activity is often the result of what : Owners of common stock: are not actually part-owners of the corporation are allotted one vote per share owned at annual stockholder meetings are guaranteed a certain dividend payment each year.

United states to adopt a more expansionist foreign policy : What were the motivations that caused the United States to adopt a more expansionist foreign policy in the late 1890s? How did the U.S. role in the international community change as a result of this new policy?

Find the total-profit function and break-even point : suppose that for a certain company c(x)=45x+500,000 represents the total cost function, and R(x)=55x represents the total revenue function. Find the total-profit function and break-even point.

User Account

All Pages