Review

Review for Chapter 4 According to the functional distribution of income for the united Sates what is stand for by 71%? Wages and Salaries A sort out of ternion plants which is be atomic number 18d 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 refined sugar would best be an example of a what? Vertically blend Firm What is the type of business that is most(prenominal) common? doctor copyrighted A person who purchases a corporate bond is add capital to a corporation. What is major advantage of limited indebtedness? Shields the individual(prenominal) assets of give birthers 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 presidency provides price-support programs for farms or minimum-wage code as primarily implementing these economic policies? redistribute income What is an example of giving medication transfer payment?

Unemployment compensation privy goods are defined by the two characteristics of: Rivalry and excludability giving medication seeks to promote stability in the economy by addressing the equal problems of: Unemployment and inflation What is the largest revenue semen for the federal official government? Personal Income Tax What is the single most impo rtant etymon of revenue of local government! ? Property Tax What are the threesome major legal forms of business organization? Sole Proprietorship one owner & receive all salary Partnership two or more owner & yield all risks, profits, and losses to ariseher Corporation Distinct and severalise from those who own it, dont have say round 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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