What is one of the biggest differences between a sole proprietorship and a corporation?
A) Sole proprietorships offer stock.
B) Corporation shareholders elect the managers of the firm.
C) Sole proprietorships have limited liability.
D) Corporations are the only profitable firms.
B
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In the above figure, which point represents a situation with significant shortages of labor, capital, and other resources?
A) point F B) point G C) point I D) point K
The country with the highest child poverty rate in the industrial world is __________.
Fill in the blank(s) with the appropriate word(s).
Demand and supply curves are drawn assuming ceteris paribus. This means that:
A) economists ignore all assumptions. B) economists don't watch for the fallacy of false cause. C) changes will be proportional. D) all other things besides price and quantity are assumed unchanged.
The term marginal means
A. additional. B. average. C. total. D. subjective.