Which of the following about corporations is TRUE?
A) The cost of capital and labor is high relative to that paid by a proprietorship.
B) Profits are taxed only once as the owners' income.
C) The owners' entire wealth is at risk.
D) Corporations' profits are taxed independently of their owners' incomes.
D
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What is the major advantage of the corporate form of business organization?
A) Its owners have limited liability. B) Its owners have unlimited liability. C) Its profits are not taxed. D) Its profits are taxed twice.
The decrease in the value of the dollar relative to the Mexican peso
A. increased the dollar price paid and decreased the peso price received for Mexican goods imported into the U.S. B. decreased both the dollar price paid and the peso price received for Mexican goods imported into the U.S. C. increased both the dollar price paid and the peso price received for Mexican goods imported into the U.S. D. decreased the dollar price paid and increased the peso price received for Mexican goods imported into the U.S.
The U.S. federal government collects about one-half of the taxes in our economy
a. True b. False Indicate whether the statement is true or false
Gross domestic product (GDP) measures and reports output:
A. as an index number. B. in percentage terms. C. in dollar amounts and percentage growth. D. in quantities of physical units (for example, pounds, gallons, and bushels).