Which of the following is NOT within the secondary economic sector ?
A. Home construction
B. Oil drilling
C. Salmon canning
D. All of these
Corporations wield power through_____________?
Corporations wield power through_____________?
A. PACs
B. interlocking directorates
C. investment portfolios
D. All of the above
The difference between an average worker’s salary and that of the average CEO has_______________?
The difference between an average worker’s salary and that of the average CEO has_______________?
A. gradually narrowed
B. remained stable
C. slightly increased
D. greatly increased
In economic terms every action entail________________?
In economic terms every action entail________________?
A. fixed costs
B. risk
C. opportunity costs
D. prime costs
Economists chart the limits of resources and technology on output through_____________________?
Economists chart the limits of resources and technology on output through_____________________?
A. production-possibility schedules
B. product-moment correlations
C. Venn diagrams
D. welfare functions
Property is defined in terms of rights of_________________?
Property is defined in terms of rights of_________________?
A. Ownership
B. consumption
C. distribution
D. production
The most numerous forms of business ownership in the United States is the________________?
The most numerous forms of business ownership in the United States is the________________?
A. partnership
B. subchapter S corporation
C. sole survivorship
D. sole proprietorship
The purpose of separating management from ownership is to________________?
The purpose of separating management from ownership is to________________?
A. secure the highest possible salaries for managers
B. ensure that the long-term interests of the corporation outweigh short-term gains
C. shield absentee owners from any and all responsibility
D. shield the board of directors from any and all responsibility
Who really owns the corporation? the_________________?
Who really owns the corporation? the_________________?
A. Government
B. stockholders
C. banks
D. founders
What percentage of American business revenues do corporation represent ?
What percentage of American business revenues do corporation represent ?
A. 60%
B. 70%
C. 80%
D. 70%