Unlike a sole proprietorship, a corporation's shareholders
A) own the firm and directly manage it as well.
B) own the firm but do not directly manage it.
C) do not own the firm but directly manage it.
D) do not own the firm and do not directly manage it.
Answer: B
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Suppose people value clean air more as their incomes increase. What would happen to the optimal amount of clean air as a country develops economically? Is there an economic prediction we can make from this?
What will be an ideal response?
The first claim on a corporation's after-tax profits is held by the
a. consumers b. managers c. stockholders d. bondholders e. government
Refer to the graph shown. Expectations of inflation at point B are:
A. 1 percent. B. 2 percent. C. 3 percent. D. unknown.
In an economy, the value of inventories fell from $75 billion in 2015 to $63 billion in 2016. In calculating total investment for 2016 compared to 2015, national income accountants would:
A. increase it by $63 billion. B. increase it by $138 billion. C. decrease it by $75 billion. D. decrease it by $12 billion.