Which of the following is not an advantage of the corporate structure over proprietorship and partnership forms of business organization?
a. Stockholders in the corporation have limited liability, whereas proprietors or partners have unlimited liability.
b. Ownership rights of a corporation may be transferred more easily.
c. Large investment funds are more easily attracted by the corporation.
d. Corporations are less likely to suffer from the principal-agent problem.
D
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For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____
a. higher; larger b. lower; larger c. lower; unchanged. d. higher; smaller
In 2013, ____ percent of college degrees were earned by women
a. 27 b. 37 c. 47 d. 57
Saving is
A. the difference between real GDP and disposable income while savings is the difference between disposable income and consumption spending. B. the difference between disposable income and spending on goods and services while savings is the difference between real GDP and disposable income. C. the amount one does not consume in a given period of time while savings is the accumulation of past periods of saving. D. the accumulation of past periods of savings while savings is the amount of disposable income that is not consumed in a given period of time.
After a significant decrease in the price of a variable input,
a. marginal cost shifts downward and profit-maximizing output falls. b. marginal cost shifts downward but profit-maximizing output remains the same. c. demand curves shift downward d. marginal cost shifts downward and profit-maximizing output rises.