A company such as Microsoft or Pepsi Co. is a legal hassle to organize, difficult to monitor, and possibly could double tax income. It is an example of a:
A. sole proprietorship.
B. corporation.
C. partnership.
D. consumer.
Answer: B
You might also like to view...
Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670The price elasticity of demand (based on the midpoint formula) when price increases from $8 to $10 is
A. -.63. B. -2.25. C. -1.60. D. -1.16.
Which of the following could a corporation use to raise its initial operating capital?
a. Government loans with low interest rates b. Mortgages from banks c. Public offering of stock d. Loans from the informal market at a high rate of interest
Savings accounts are the most liquid of all assets because they can be quickly and easily transferred
a. True b. False Indicate whether the statement is true or false
If the consumption of a good by one individual does not change the amount of the good available to others, the good is considered to be
a. durable. b. nonrival-in-consumption. c. a common good. d. a natural resource.