Regarding the privilege of incorporation (the right to organize an enterprise in the corporate form), all of the following are true except
(a) It gives a business firm limited liability, perpetual life and the rights of a citizen.
(b) It is not provided for directly by the Constitution because, apart from state governments,
the Constitution made no provisions for groups.
(c) It is provided for at all levels of government—federal, state and local.
(d) There is no "except"; all of the above are true.
(d)
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Refer to Figure 2-1. Which arrow represents the flow of goods and services?
a. A
b. B
c. C
d. D
Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) Best Treats Do Not Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
B) Best Treats Introduce and Healthy Snacks Introduce is a Nash equilibrium.
C) There are no Nash equilibria in this game.
D) Best Treats Introduce and Healthy Snacks Do Not Introduce is a Nash equilibrium.
Aggregate demand (AD) refers to the amount of total spending on:
a. domestic goods and services in an economy. b. international goods and services in an economy. c. domestic marketing of goods and services in an economy. d. international marketing of goods and services in an economy.
If income in the United States increases more rapidly than the income of our trading partners, other things constant, the dollar will
a. appreciate, imports will become less expensive, and domestic exports will become more expensive to foreigners. b. depreciate, imports will become less expensive, and domestic exports will become more expensive to foreigners. c. appreciate, imports will become more expensive, and domestic exports will become less expensive to foreigners. d. depreciate, imports will become more expensive, and domestic exports will become less expensive to foreigners.