The owner(s) of a corporation
A) is the entrepreneur.
B) are the shareholders.
C) are the bondholders.
D) is the CEO.
Answer: B
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From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the
A. marginal cost of waiting is less than the marginal benefit of being served. B. management is making an assumption that other things are equal. C. marginal cost of waiting is greater than the marginal benefit of being served. D. management is exhibiting irrational behavior by not maximizing profits.
Currency appreciation will decrease net exports
Indicate whether the statement is true or false
The OPEC production cuts of 1999-2000 increased energy prices and caused the aggregate supply curve to
a. shift outward. b. shift inward. c. become flatter. d. become steeper.
Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one pound of cheese is ________ car(s).
A. 1/250 B. 500 C. 1/500 D. 1/10