The rights of a co-owner to a share of a firm's profits are
a. protected under tort law
b. protected under contract law
c. not protected under any form of law
d. protected under antitrust law
e. less valuable than the costs of pursuing action against the company
B
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A consumption tax system is likely to benefit
A) higher income individuals. B) an individual who, regardless of income, is a large consumer. C) corporations. D) lower income individuals.
Items subtracted from tax liability are called _____
a. tax credits b. tax deductions c. tax exemptions d. tax exclusions
Which of the following is the best indicator of the performance of the national economy?
a. The budget deficit of the federal government b. The stock of capital goods (machinery) in the nation c. The nation's stock of money d. The balance of trade with other nations e. The value of the final goods and services produced in the nation
What are the four principal tools of monetary policy? Explain how they can be used.
What will be an ideal response?