Goods that possess hard property rights so that non-purchasers are excluded from consuming them are called:
a. public goods.
b. regulated goods.
c. private goods.
d. underproduced goods.
ANSWER: C
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A company has sales of $718,800 and cost of goods sold of $287,800. Its gross profit equals:
A. $431,000. B. $(431,000). C. $718,800. D. $1,006,600. E. $287,800.
State courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks.
A. over recruiting B. staff inflation C. deceptive interviewing D. negligent hiring
A hybrid alternative that is rapidly gaining popularity which trades on an exchange but where prices are kept close to the value of the underlying portfolio through arbitrage activities by a few institutional investors is called
A) exchange-traded fund. B) open-end fund. C) closed-end fund. D) country fund.
Which of these factors is NOT necessary for an existing company to qualify as an Emerging Growth Company (EGC) to conduct an IPO?
A. the company must have less than $1.07 billion in annual revenue B. the company must have fewer than 100 shareholders C. the company must have issued no more than $1 billion in debt D. the company must have less than $700 million in stock outstanding after an IPO