Which statement describes the advantage of operating a sole? proprietorship?
A. An important financial advantage in many sole proprietorships is the opportunity to share costs.
B. In a sole? proprietorship, the owner and the business are legally inseparable.
C. Sole proprietors have more privacy and generally are not required to report anything to anyone.
D. Sole proprietorships are? liquid, which also helps give them a long life? span; when shareholders sell or bequeath their? shares, ownership simply passes to a new? generation, so to speak.
E. Sole proprietorships have the ability to pool money by selling shares of stock to outside investors.
C. Sole proprietors have more privacy and generally are not required to report anything to anyone.
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In fall 2009, the population of the United States was 301 million, the working-age population was 235.7 million, the total number of people employed and unemployed was 154.9 million, and the total number of unemployed people was 14.7 million
What is the unemployment rate? A) 51 percent B) 6.2 percent C) 4.9 percent D) 9.5 percent E) 4.6 percent
An increase in the price of plastic raises the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):
a. surplus of DVDs. b. increase in the demand for DVDs. c. leftward shift in the demand curve for DVDs. d. leftward shift in the supply curve for DVDs.
Which of the following events will most likely cause an increase in both the price level and rGDP?
A) The prime rate increases B) Exports increase C) Income taxes increase D) Crude oil prices decrease E) Inflationary expectations decrease
Which statement is true given the total cost function: Total cost = 10Q + 5Q2 + 100?
A. Total cost at Q = 4 is 120 B. Average total cost at Q = 10 is 70 C. Total cost at Q = 5 is 175 D. Average fixed cost is zero at Q = 100