Review

Review for Chapter 4 According to the functional distribution of income for the unify Sates what is stand for by 71%? Wages and Salaries A convention of ternion plants which is be ared 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 chicken feed would best be an example of a what? Vertically rise Firm What is the type of business that is most(prenominal) common? touch on proprietorship A person who purchases a corporate bond is alter capital to a corporation. What is major advantage of limited liability? Shields the individual(prenominal) assets of confessers 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 organization provides price-support programs for farms or minimum-wage code as primarily implementing these economic policies? distribute income What is an example of government transfer payment?

Unemployment compensation snobbish goods are defined by the two characteristics of: Rivalry and excludability brass seeks to promote stability in the economy by addressing the alikeness 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 origin of revenu e 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 & endure all risks, profits, and losses to doctorher Corporation Distinct and detach from those who own it, dont have say close to 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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