How can a proprietorship or partnership raise funds for expansion?
A) borrow from someone or an institution willing to lend the funds
B) reinvest profit back into the business
C) take on a partner or more partners
D) Any of these would generate funds for expansion.
Answer: D
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Which of the following is the Federal Reserve's most important tool of monetary control?
A. discounting operations B. margin requirements C. reserve requirement changes D. open market operations
Which of the following statements about the right to private ownership is false?
A. It enables individuals to obtain, use, and dispose of land and capital resources as they see fit B. It encourages investment and innovation, and thus fosters economic growth C. It extends to intangibles such as pieces of music and computer programs D. It weakens the incentive to maintain the property that one already owns
Can a firm experience diminishing returns in the long run?
What will be an ideal response?
A company can hire non-union workers, but a condition of their employment is that they must join the union within their first 90 days on the job. This is an example of a
A. closed-shop. B. union shop. C. voluntary craft union. D. right-to-work law.