What does unlimited liability means

Assignment Help Microeconomics
Reference no: EM13198514

1. Public shares of ownership with voting rights in a corporation are called ________.
a board of directors
common stock
a shareholders' meeting
preferred stock

2. Stockholders are part owners of the company in which they own shares of stock.
True
False

3. When a company sells stock, this is a type of:
short-term financing
long-term financing
profiteering
brokering

4. Goods and services are typically offered at equilibrium price.
False

5. Which of the following is a consumer good?
a DVD player
paper to make books
a machine for harvesting wheat
an industrial deep fryer for use in a restaurant

6. Unlimited liability means that:
the financial and administrative aspects of a business are completely reliable
the owner(s) of a business could have personal property confiscated to pay business debts
the owner(s) of a business have the ultimate say in all business decisions
the financial and administrative aspects of a business are completely separate

7. The difference between a conglomerate and a horizontal merger is that:
the companies involved in a conglomerate are in unrelated industries
the companies involved in a horizontal merger are in unrelated industries
the companies involved in a conglomerate are in related industries
the companies involved in a horizontal merger are in unrelated businesses

8. The price at which the amount of a product available is equal to the quantity of the product demanded is called the _________.
price ceiling
law of demand
equilibrium price
law of supply

9. A merger occurs when:
the government dissolves a monopoly
two industries agree to cooperate
a corporation sub-divides into two separate businesses
two corporations join together

10. A recent market survey indicates that 84% of male teens aged 14-18 "possess a strong desire" to own a new model of off-road utility vehicle. The vehicle has a price-tag of approximately $29,000. The average annual income of male teens aged 14-18 is $2,500. It can therefore be concluded that off-road utility vehicles are in high demand in this market.
True
False

Reference no: EM13198514

Questions Cloud

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.
Medical records tip sheet : Medical records "tip sheet" that contains some of the most common guidelines for maintaining and creating accurate medical records
What does unlimited liability means : A recent market survey indicates that 84% of male teens aged 14-18 "possess a strong desire" to own a new model of off-road utility vehicle. The vehicle has a price-tag of approximately $29,000.
Explain work environment in a fast food restaurant : What aspect of the social and work environment in a fast food restaurant would be of particular interest to a sociologist
Difference between line personnel and staff personnel : What is the difference between line personnel and staff personnel and why are the two groups so often in conflict? Do you think this would also be true in a virtual organization? How would you minimize the conflict problem?
What is the speed of the plane in still air : if a plane can travel 490 mph with the wind and 430 mph against the wind , what is the speed of the plane in still air?
Cooper & shepard''s results and conceptual thinking : What was your train of thought as you navigated the picture of the candle?  In the Cooper & Shepard experiment (1973), participants were asked to decide whether a stimulus (a letter) was normal (simply rotated in the picture plane) or backwards (flip..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd