Shares of stock are:
A. legal promises to make regular payments to the stockholder.
B. claims to partial ownership of a firm.
C. legal promises to repay a debt.
D. regular payments made to owners of a firm.
Answer: B
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The way in which a corporation is structured and the impact a corporation's structure has on the firm's behavior is referred to as
A) structural behavior. B) corporate governance. C) structure composition theory. D) corporate taxation.
A tax that takes a smaller percentage of an individual's income as their income rises is called a _____
a. proportional tax b. progressive tax c. sumptuary tax d. regressive tax
Local governments wanting to keep their tax base from eroding away should choose _____
a. income taxes b. sales taxes c. property taxes d. excise taxes
In a command economy, resources are publicly owned by government and economic activity is coordinated through a central government planning authority
a. True b. False Indicate whether the statement is true or false