When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a
A. proprietorship.
B. partnership.
C. conglomerate.
D. corporation.
Answer: A
You might also like to view...
If a conscientious manufacturer underestimates the true value of life, the manufacturer will likely fail to take all cost-justified precautions
Indicate whether the statement is true or false
Mitsubishi Corporation of America builds a car in Normal, Illinois, and ships it to Japan for sale. In which country's GDP is this production included?
a. Japan b. both Japan and the United States c. in Japan as retail value and the United States as wholesale value d. half the value in Japan and half in the United States e. the United States
Explain why economists care about inflation
What will be an ideal response?
The difference between the total amount that people would have been willing to pay for the total quantity produced and consumed in a market and what they actually pay at the market clearing price is called
A) production excess. B) excess demand. C) market surplus. D) consumer surplus.