Before its IPO, Snap, the parent firm of Snapchat, was an example of a private firm. As a private firm, Snap was
A) not subject to government regulations and taxation.
B) run by stockholders and a board of directors.
C) run by its founders, Evan Spiegel and Bobby Murphy.
D) not legally allowed to raise funds through venture capital firms.
Answer: C
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Under current WTO rules, a country can adopt
A) any environmental standard it chooses, even if it discriminates against foreign producers. B) only the same environmental standards as its immediate geographic neighbors. C) any environmental standard it chooses as long as it does not discriminate against foreign producers. D) only WTO-approved environmental standards.
Refer to Table 2-8. What is Wilma's opportunity cost of making a bench?
A) 1.3 statues B) 3 statues C) 1/3 of a statue D) 1/2 of a bench
The indifference curves for nickels and dimes are straight lines
a. True b. False Indicate whether the statement is true or false
In a partnership, debts accumulated by one partner are
A. the responsibility of all of the other partners, up to the total value of the firm. B. the responsibility of that partner only. C. the responsibility of all of the other partners for the full amount of the debt. D. the responsibility of that partner plus any partners who are actively involved in running the partnership.