Friday, February 22, 2013

Review

Review for Chapter 4

According to the functional distribution of income for the United Sates what is stand for by 71%?
Wages and Salaries

A group of ternion plants which is beared and operated by a single firm and which consists of a farm growing wheat, a flour-milling plant, and a plant which bakes and sells lucre would best be an example of a what?
Vertically compound Firm

What is the type of business that is most(prenominal) common?
Sole proprietary

A person who purchases a corporate bond is lending capital to a corporation.

What is major advantage of limited liability?
Shields the individual(prenominal) assets of owners for liability claims

What is the principle-agent problem in corporations?
A conflict in interest between corporate executives who manage the firm and stockholders who own the firm

What basic economic function is organization pursing when it changes a community with price fixing?
Maintaining Competition

What does it mean when the government provides price-support programs for farms or minimum-wage code as primarily implementing these economic policies?
Redistribute income

What is an example of government transfer payment?

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.


Unemployment compensation

Private goods are defined by the two characteristics of:
Rivalry and excludability

Government seeks to promote stability in the economy by addressing the twin problems of:
Unemployment and inflation

What is the largest revenue semen for the federal official government?
Personal Income Tax

What is the single most important source of revenue of local government?
Property Tax

What are the threesome major legal forms of business organization?
Sole Proprietorship one owner & receive all profits
Partnership two or more owner & assume all risks, profits, and losses together
Corporation Distinct and Separate from those who own it, dont have say about how it is ran. Hire management

What form is the most prevalent in terms of numbers?
Sole Proprietorship

Which...If you fatality to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .

No comments:

Post a Comment