Paul and Wayne are starting a consulting firm together. Their liability is limited; therefore, their firm is an example of a
A) partnership.
B) proprietorship.
C) corporation.
D) None of the above answers is correct.
C
You might also like to view...
Why are cartels among firms usually kept secret?
What will be an ideal response?
Suppose the United States experiences a long period of inflation relative to other countries. How will this affect U.S. net exports?
What will be an ideal response?
A point inside a nation's production possibilities curve can represent:
a. a recession. b. an increase in population size. c. an economic growth. d. a technological advancement. e. an improvement in living standards.
Specialization refers to
a. one person performing a wide variety of tasks b. labor replacing capital in production c. capital replacing labor in production d. limiting the number of tasks a resource performs e. performing all tasks with only one resource