How do the owners of a corporation relate to the business?
A) The owners and the business are not separate legal entities.
B) The owners and the business are separate legal entities.
C) The assets of the owners are considered the same as the assets of the business.
D) None of these describe the legal relationship of the owners to the business.
Answer: B
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Using the quantity theory of money, in the long run a 3 percent increase in the quantity of money leads to a 3 percent
A) increase in real GDP. B) decrease in the price level. C) increase in the price level. D) decrease in the real interest rate. E) increase in the real interest rate.
If the money rate of interest is 12 percent and the real rate of interest 7 percent, the inflationary premium is
a. 5 percent. b. 7 percent. c. 12 percent. d. 19 percent.
Enforced by federal trade commission specifies that when there is an agreement between the provider and a patient to accept payment in more than four installments, the provider is required to provide disclosure of finance charges. The patient signs this form in your presence and the disclosure statement must be kept on file for two years.
The effect of higher wages on the individual supply of labor is ________ and the effect of higher wages on the market supply of labor is ________.
A. ambiguous; to increase the quantity supplied B. to increase the quantity supplied; ambiguous C. ambiguous; to decrease the quantity supplied. D. to decrease the quantity supplied; ambiguous