Which of the following is not an advantage of starting a new business as a partnership?
A) The owners have complete control over the business.
B) A partnership has few government rules and regulations to comply with.
C) Business profits are only taxed once, not twice.
D) A partnership can easily attain additional funding.
Answer: D
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Why did fewer state banks choose to become or remain members of the Federal Reserve System during the 1960s and 1970s?
A) Nominal interest rates rose. B) The required reserve ratio rose. C) The discount rate rose. D) Open market operations declined.
An illiquid asset is one that is _______ but _______.
A. worth a lot in the future; can be sold today at its expected future price B. worth a lot in the future; can only be sold today at a low price C. worth a lot right now; not worth that much in the future, when it can be sold. D. worth a lot right now; cannot be sold until the future, when its value will be higher
Ajax Corporation has recently finished building a new factory. They moved into the factory a month ago and found that it is the perfect size given the amount they want to produce. Ajax is now operating in the
A) production time. B) corporation time. C) long run. D) short run.
When a firm establishes a long-term contract with another firm that is characterized by common ownership of a supplier with another firm, it is referred to as a:
A. joint venture. B. franchise agreement. C. standard supply contract. D. lease contract.