A typical corporate form of business organization is owned by
The president of a country
Shareholders
The general manager and the executives
A local government
Foreigners and citizens of the country
Correct answer is B
No explanation has been provided for this answer.
Free market
Perfectly competitive market
Controllled market
Stock exchange market
Open market
Correct answer is B
No explanation has been provided for this answer.
Personal income less business profits
Personal inome minus taxes and subsidies
National income less borrowing from abroad
National income plus transfer of payments
Personal income less taxes plus subsidies
Correct answer is E
No explanation has been provided for this answer.
When marginal cost equals marginal revenue of products
The firms is producing at a loss
The firm is at a break-even point
The firm is making the least profit
The supplementary cost of the firm is highest
The firm has maximum profit
Correct answer is B
No explanation has been provided for this answer.
Regulates supply and demand
Rations the consumers
Rewards the producers
Allocates scarce resources
Does all of the above
Correct answer is A
No explanation has been provided for this answer.