Limited liability is a benefit to
A) sole proprietorships.
B) partnerships.
C) corporations.
D) All of the above.
C
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Today, __________ state banks are members of the Federal Reserve System
A) all B) most C) a minority of D) none of the
Which of the following best illustrates the concept of "derived demand?"
a. An increase in the wages of auto workers will lead to an increase in the demand for robots in automobile factories. b. An automobile producer's decision to supply more cars will lead to an increase in the demand for automobile production workers. c. An automobile producer's decision to supply more minivans results from a decrease in the demand for station wagons. d. An increase in the price of gasoline will lead to an increase in the demand for small cars.
Tracy won a $100 million jackpot. She can receive the jackpot as a $5 million payment each year for 20 years, or she can ask to receive the present value of all those payments all at once now. Assume an annual interest rate of 5 percent. If she decides to take the present value payment, about how much will she receive?
A. $52.1 million B. $62.3 million C. $71.4 million D. $78.6 million
Which of the following is not true about advertising?
A. It raises the price of goods and services. B. It creates brand loyalty. C. It results in efficient allocation of resources. D. It is a form of nonprice competition.