Which of the following participants in the working of a firm are referred to as residual claimants?
A) workers
B) managers
C) entrepreneurs
D) all of the above
C
You might also like to view...
Which of the following are primary concerns of the bank manager?
A) maintaining sufficient reserves to minimize the cost to the bank of deposit outflows B) extending loans to borrowers who will pay low interest rates, but who are poor credit risks C) acquiring funds at a relatively high cost, so that profitable lending opportunities can be realized D) maintaining high levels of capital and thus maximizing the returns to the owners
A high-income household usually is headed by ________ , while a low-income household is usually headed by ________
a. a well-educated working couple; a single parent who is not working b. a highly-educated working female; two middle-aged well-educated adult workers c. a young poorly-educated working male; an old and highly educated male d. a poorly-educated working couple; a well-educated working couple
The demand curve confronting a competitive firm is
A. Downward-sloping, while market demand is flat. B. Downward-sloping, as is market demand. C. Horizontal, while market demand is downward-sloping. D. Horizontal, as is market demand.
Which of the following statements best represents the attitude of a consumer with a very inelastic demand toward various brands of coffee?
A. "All the brands are exactly the same. I always buy the cheapest." B. "Coffee is coffee; one brand is as good as the rest." C. "My brand is so superior to the rest of the brands that I'm willing to pay a bit more for it." D. "With my limited budget my favorite brand is usually the 'what's on sale' brand."