Limited personal liability is an advantage for

A) sole proprietorships and partnerships.
B) partnerships and corporations.
C) sole proprietorships and corporations
D) corporations.


Answer: D

Economics

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What will be an ideal response?

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If firms have different costs and market demand only supports the quantity the incumbent produces, then the incumbent's threat to use limit pricing

A) is credible. B) is not credible. C) would be illegal. D) is unable to be determined with the information given.

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The parent company would want to reward managers based on division revenues because

a. The managers usually have the least information about their divisions b. It would incentivize the otherwise clueless managers about the daily activities of their divisions c. The managers usually have the best information about how to run their divisions d. None of the above

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The U.S. dollar: a. is the most ancient form of money

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