Proprietorships-partnerships and corporations

The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on: A) generally accepted accounting principles. B) legal considerations. C) the judg-ment of the American Economic Association. D) an executive order of the President.

View Complete Question

Related Questions in Microeconomics

Q : Profit Maximization in Resource Markets

I have a problem in economics on Profit Maximization in Resource Markets. Please help me in the following question. To make a decision regarding resource hire, the firm should consider: (1) The price of resource. (2) The productivity (MP) of resource. (3) Output price

Q : Horizontal demand curve facing purely

The demand curve facing a purely competitive firm is: (w) horizontal. (x) vertical. (y) downward sloping. (z) the horizontal summation of individual demand curves. Can someone explain/help me with best solution abo

Q : Negatively sloped demand curve for

The idea which harsher and more certain punishment decreases cheating on examinations recommends that: (i) Normative values must guide the positive economics. (ii) Student honesty has refused in recent years. (iii) Macroeconomic reasoning as well applies to microecono

Q : Higher interest rate in funds A higher

A higher interest rate is probably to be a consequence of: (1) lower expected profitability to investors. (2) new tax breaks onto interest income. (3) weakening preferences for current income over future income. (4) increased preferences for recent co

Q : Trends in Income Distribution The year

The year in that a long-run trend towards greater equality within the U.S. income distribution was reversed, therefore income since then has become less equally distributed, it was roughly: (w) 1945. (x) 1960. (y) 1975. (z) 1990.

Q : Generous welfare programs Critics

Critics charge which generous welfare programs have sharply raised the: (w) balance of trade deficit. (x) amount of voluntary poverty. (y) antagonism between economic classes. (z) level of involuntary unemployment.

Q : Average cost-aversge variable

Relation between Average cost, aversge variable cost and Marginal cost:

Q : Determine income elasticity of demand

An income elasticity of demand for a good equivalent to two implies roughly that: (1) demand curves for the good slope upward. (2) the product is an inferior good. (3) each 1% gain in income boosts the amount sold through 2%. (4) a 20% gain in income

Q : Shrinking of Production possibilities

The Production possibilities frontiers are most probable to shrink when: (1) National income becomes less fairly distributed. (2) High-tech agriculture reduces jobs for migrant farm workers. (3) A 3-hour nuclear war blasts technology back to Stone Age

Q : Present value of asset by financial

When the interest rate is 5% and a financial investment produces annual payments of price $50,000, in that case the present value of this asset is: (w) $1,000,000. (x) $5,000,000. (y) $500,000. (z) $10,000,000.

Discover Q & A

Leading Solution Library

Avail More Than 1425688 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1935227
Asked

3,689

Active Tutors

1425688

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment