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1. Public shares of ownership with voting rights in a corporation are called ________.
a board of directors
common stock
a shareholders' meeting
preferred stock

2. Stockholders are part owners of the company in which they own shares of stock.
True
False

3. When a company sells stock, this is a type of:
short-term financing
long-term financing
profiteering
brokering

4. Goods and services are typically offered at equilibrium price.
False

5. Which of the following is a consumer good?
a DVD player
paper to make books
a machine for harvesting wheat
an industrial deep fryer for use in a restaurant

6. Unlimited liability means that:
the financial and administrative aspects of a business are completely reliable
the owner(s) of a business could have personal property confiscated to pay business debts
the owner(s) of a business have the ultimate say in all business decisions
the financial and administrative aspects of a business are completely separate

7. The difference between a conglomerate and a horizontal merger is that:
the companies involved in a conglomerate are in unrelated industries
the companies involved in a horizontal merger are in unrelated industries
the companies involved in a conglomerate are in related industries
the companies involved in a horizontal merger are in unrelated businesses

8. The price at which the amount of a product available is equal to the quantity of the product demanded is called the _________.
price ceiling
law of demand
equilibrium price
law of supply

9. A merger occurs when:
the government dissolves a monopoly
two industries agree to cooperate
a corporation sub-divides into two separate businesses
two corporations join together

10. A recent market survey indicates that 84% of male teens aged 14-18 "possess a strong desire" to own a new model of off-road utility vehicle. The vehicle has a price-tag of approximately $29,000. The average annual income of male teens aged 14-18 is $2,500. It can therefore be concluded that off-road utility vehicles are in high demand in this market.
True
False

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9488558

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