What does it mean to say there is a separation of ownership from control in large corporations?
What will be an ideal response?
Shares of stock represent partial ownership in large corporations, so that each of those who own stock own part of the corporation and share in the company's profits. Control of the corporation is possessed by members of its board of directors who select managers responsible for the day-to-day operations of the firm. Members of the board of directors and managers may also own shares of the corporation's stock.
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When people make choices they typically know with certainty which choice is best
a. True b. False Indicate whether the statement is true or false
What are stock market margin requirements, and how and why does the Fed control them?
What are transfer payments, and how do they affect the calculation of GDP?
The classical long-run aggregate supply curve is
A. vertical at a level of output below potential real GDP. B. upward sloping. C. upward sloping at the level of potential real GDP. D. vertical at a level of potential real GDP.