In a corporation, what are "inside directors" and "outside directors"?
What will be an ideal response?
Inside directors are members of management who serve on the board of directors of the corporation. Outside directors are members of the board of directors of the corporation who do not have a direct management role in the corporation.
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The Keynesian short-run aggregate supply curve
A) reflects the fact that real GDP is supply-determined. B) reflects the fact that real GDP does not vary with changes in aggregate demand. C) is vertical. D) is horizontal.
In the graph for the consumption function, the 45-degree line
A) contains only a consumption component. B) represents both planned consumption and planned investment. C) shows various combinations where planned consumption equals real disposable income. D) reflects a decreasing APC as real disposable income rises.
Investors tend to trade on their beliefs rather than on pure facts. This statement might explain why securities markets have ________ that the efficient market hypothesis does not predict.
a. such a large trading volume b. short sales c. a random walk d. arbitrage
Every point on the long-run average cost curve is
A) also a minimum point on a short-run average cost curve. B) on a short-run average total cost curve. C) on a short-run average variable cost curve. D) on a short-run marginal cost curve.