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Which of the following categories of owners have limitedliability? A. General partners B. Sole proprietors C. Shareholders of a corporation D. Both a and b

Which of the following would increase the need for externalequity? A. A slow-down in economic growth B. A reduction in corporate profits C. Inadequate investment opportunities […]

When public corporations decide to raise cash in the capitalmarkets what type of financing vehicle is most favored? A. Preferred stock B. Common stock C. Retained […]

Dollar bills in the modern economy serve as money becauseA. they can be redeemed for gold by the centralbank.B. they have value as a commodity independent […]

Which of the following best describes the goal of the firm? A. The maximization of the total market value of the firms commonstock] B. Profit maximization […]

Which of the following assets is most liquid?A. bondB. savings accountC. stockD. money

A characteristic found only in oligopolies is A. interdependenceof firms. B. break even level of profits. C. products that areslightly different. D. independence of firms.

Gross domestic product is calculated by summing upA. the total quantity of goods and services produced inthe economy during a period of time.B. the total quantity […]

Fiscal policy refers to changes inA. federal taxes and purchases that are intended toachieve macroeconomic policy objectives.B. federal taxes and purchases that are intended tofund the […]