Review

Review for Chapter 4 According to the functional distribution of income for the joined Sates what is stand for by 71%? Wages and Salaries A collection 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 win would best be an example of a what? Vertically unite Firm What is the type of business that is most(prenominal) common? resole patented A person who purchases a corporate bond is modify capital to a corporation. What is major advantage of limited financial obligation? Shields the individual(prenominal) assets of protesters 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 brass provides price-support programs for farms or minimum-wage code as primarily implementing these economic policies? redistribute income What is an example of politics transfer payment?

Unemployment compensation common soldier goods are defined by the two characteristics of: Rivalry and excludability authorities seeks to promote stability in the economy by addressing the equate 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 start of revenue of local gov ernment? Property Tax What are the thre! esome major legal forms of business organization? Sole Proprietorship one owner & receive all gelt Partnership two or more owner & lift out all risks, profits, and losses to wedgeher Corporation Distinct and withdraw from those who own it, dont have say closely 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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