Review

Review for Chapter 4 According to the functional distribution of income for the linked Sates what is stand for by 71%? Wages and Salaries A root word of ternion plants which is beargond and operated by a single firm and which consists of a farm growing wheat, a flour-milling plant, and a plant which bakes and sells internet would best be an example of a what? Vertically flux Firm What is the type of business that is most(prenominal) common? furbish up proprietorship A person who purchases a corporate bond is change capital to a corporation. What is major advantage of limited liability? Shields the individual(prenominal) assets of ingesters for liability claims What is the principle-agent problem in corporations? A conflict in interest between corporate executives who manage the firm and stockholders who own the firm What basic economic function is organization pursing when it changes a community with price fixing? Maintaining Competition What does it mean when the administration provides price-support programs for farms or minimum-wage code as primarily implementing these economic policies? distribute income What is an example of governance transfer payment?

Unemployment compensation close goods are defined by the two characteristics of: Rivalry and excludability politics seeks to promote stability in the economy by addressing the opposite number problems of: Unemployment and inflation What is the largest revenue semen for the federal official government? Personal Income Tax What is the single most important mention o f revenue of local government? Property Tax! What are the threesome major legal forms of business organization? Sole Proprietorship one owner & receive all lettuce Partnership two or more owner & mint all risks, profits, and losses to fither Corporation Distinct and develop from those who own it, dont have say some how it is ran. Hire management What form is the most prevalent in terms of numbers? Sole Proprietorship Which...If you fatality to get a full essay, order it on our website: OrderCustomPaper.com

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