In a partnership form of business
a. all, except one partner, are subject to limited liability
b. the business must operate in at least two countries
c. at least two different products must be produced
d. the partner who owns the majority of stock makes all of the important managerial decisions
e. profits are shared by the partners
E
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Unemployment caused by changes in technology is called ________ unemployment
A) structural B) frictional C) techno D) cyclical
A country has output of $900 billion, consumption of $600 billion, government expenditures of $150 billion and investment of $120 billion. What is its supply of loanable funds?
a. $30 billion b. $90 billion c. $120 billion d. $150 billion
Automatic stabilizers are government programs that:
A. exaggerate the ups and downs in aggregate demand without legislative action. B. bring expenditures and revenues automatically into balance without legislative action. C. shift the budget toward a deficit when the economy slows but shift it toward a surplus during an expansion. D. increase tax collections automatically during a recession.
Payments for capital include investment and profit.
Answer the following statement true (T) or false (F)