In the United States, the board of directors of corporations have a fiduciary responsibility to:
A. set the prices of the products the corporation produces.
B. represent the interest of its shareholders.
C. operate the company on a day-to-day basis.
D. raise investment capital in their spare time.
Answer: B
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Whom among the following was a classical economist?
A) Adam Smith B) A. C. Pigou C) David Ricardo D) all of the above
Ways to "game" the budgeting process include
a. accelerating sales if just short of a target b. accelerating expenses if just short of a target c. accelerating sales once a target is met d. delaying expenses costs once a target is met
What is meant by a dominant strategy?
What will be an ideal response?
Contractionary policies are policies designed to:
A. increase the level of real GDP. B. reduce the level of real GDP. C. increase government spending. D. increase the federal deficit.