A corporation's management
A) hires the board of directors.
B) is liable for the corporation's debts.
C) owns the corporation.
D) operates and controls a corporation in its day-to-day activities.
D
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The largest liability of the Fed from those on this list is
A) U.S. Treasury securities. B) mortgage-backed securities. C) loans to depository institutions. D) currency outstanding.
Which of the following conditions define a perfectly competitive market?
a. The transaction costs are very high. b. Information is available to participants at a high cost. c. The product is homogenous. d. There are limited number of buyers and sellers.
The cost-benefit model used by economists is:
A. useful because everyone follows it all of the time. B. useful because most people follow it most of the time. C. unrealistic because everyone can think of times when he or she violated the principle. D. unrealistic because it is too detailed and specific to apply to most situations.
Net exports is equal to
A. total imports minus total exports. B. total exports minus total imports. C. total exports minus transfer payments. D. total exports adjusted for price changes.