Insolvency is a condition where a firm's
A) liabilities are greater than assets.
B) assets are greater than liabilities.
C) assets are equal to liabilities.
D) liabilities are less than or equal to assets.
A
You might also like to view...
Protectionism
A) is the use of cheap labor to protect firms from paying high wages. B) refers to the use of copyright and trademark laws to protect inventors and artists from losing the rights to their creative efforts. C) is the use of trade barriers to protect domestic firms from foreign competition. D) refers to reductions in tariffs and other barriers that protect consumers from paying high prices.
The evidence shows that in 1860–1910
(a) population and annual hours worked grew more rapidly than did the employed labor force. (b) population grew more rapidly than the labor force, but annual hours worked grew less rapidly. (c) population grew less rapidly than did the employed labor force, and the work day shortened. (d) population, productivity and the work day grew less rapidly than did the employed labor force.
In the basket of goods that is used to compute the consumer price index, which of the following categories of consumer spending is the largest?
a. education & communication b. recreation c. medical care d. All of the above categories are about equal in magnitude.
Positive economic principles are those that:
A. indicate how people should behave. B. are always correct. C. are influenced by political ideology. D. predict how people will behave.