The joining of firms that are producing or selling a similar product is known as
A) a conglomerate merger.
B) a horizontal merger.
C) a vertical merger.
D) economies to scale.
B
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How do the owners of a corporation relate to the business?
A) The assets of the owners are considered the same as the assets of the business. B) The owners and the business are not separate legal entities. C) The owners and the business are separate legal entities. D) None of these describe the legal relationship of the owners to the business.
A restriction on bank activities that was repealed in 1999 was
A) the prohibition of the payment of interest on checking deposits. B) restrictions on credit terms. C) minimum down payments on loans to purchase securities. D) separation of commercial banking from the securities industries.
A resource is defined to be:
A. something that people respond to. B. anything that can be used to make something of value. C. a good or service. D. something of value.
The advertising dilemma is that advertising may add more to industry costs than to industry revenues, but a firm may lose market share if it does not advertise.
Answer the following statement true (T) or false (F)