If a corporation cannot pay its debts, creditors cannot seek payment from shareholders' personal wealth

a. True
b. False
Indicate whether the statement is true or false


True

Economics

You might also like to view...

The least liquid form of money is _________

Fill in the blank(s) with the appropriate word(s).

Economics

Let C = 150 + 0.5y and I = 45. At the equilibrium level of income, y*, the level of saving is

A) 45. B) 75. C) 105. D) 150.

Economics

A graphical representation which shows the trade-off that occurs when more of one output is obtained at the sacrifice of another is called

A) a Laffer Curve. B) a production possibilities curve. C) a bell curve. D) a supply curve.

Economics

Unions are less likely to strike today than in the past because

a. real wages have increased over the last 20 years b. employers are less willing to hire strike breakers c. most workers in the U.S. are already union members d. more workers, both union and nonunion, are willing to cross picket lines e. many high-profile strikes (e.g., Caterpillar) have succeeded in winning job security

Economics