A proprietorship is a firm with
A) two or more owners who both have unlimited liability.
B) a single owner who has limited liability.
C) a single owner who has unlimited liability.
D) many owner all of whom have limited liability.
C
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According to the United Nations, the largest expected growth in population for the coming decades will occur on which continent?
A) South America B) Africa C) Europe D) North America
A free good lacks the element of
a. usefulness. b. scarcity. c. transfer ability. d. tangibility.
In a franchising relationship
a. the franchisor is the principal b. the agent is the franchisor c. the franchisor is the agent d. the principal is the franchisee
The term natural rate of unemployment refers to the minimum level of unemployment that occurs even when the economy is healthy
a. True b. False Indicate whether the statement is true or false