A closely held corporation is one that:
A. is free of all federal taxes and regulations.
B. uses bonds to raise most of its capital.
C. is owned by a small group of investors that has limited or no publicly traded stock.
D. has all of its stock trade on the New York Stock Exchange.
Answer: C
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The speculative demand for money shows the relationship between money demand and:
a. income levels. b. interest rates. c. prices d. investment. e. consumption.
Decreasing-cost conditions commonly happen in ______.
a. short intervals of input expansion b. long intervals of input expansion c. short intervals of output expansion d. long intervals of output expansion
In golf and tennis, there is little concern over player strikes because
A. they are amateurs and do not wish to be paid. B. there is a direct relationship between winning and earning. C. the golf and tennis owners have always been fair. D. even the average players make more than the stars in the other sports.
Which statement is unique to the transaction broker relationship?
A) The licensee must disclose all known facts that materially affect the value of the real property. B) The buyer or the seller must give written consent to enter into the brokerage relationship. C) The customer is not responsible for the acts of the licensee. D) The agent is obligated to a duty of obedience.