Which of the following statements is a defining feature of a ...

[rl]

Which of the following statements is a defining feature of a corporation?
 a. The owners of a corporation face unlimited liability on debts.
  b. A corporation owns and operates units only in foreign countries.
  c. A corporation is created by a verbal agreement.
  d. A corporation that is based on a verbal agreement is also recognized by State law.
  e. A corporation has a legal identity that is separate from that of its owners.

Question 2

A production possibilities curve that is linear (a straight line):
 a. illustrates a tradeoff in which opportunity cost of a good increases with the level of its production.
  b. illustrates a tradeoff in which the opportunity cost of a good decreases with the level of its production.
  c. illustrates a tradeoff in which the opportunity cost of a good is constant at all levels of production.
  d. demonstrates the fallacy of composition.

[emily12345]

Answer to Question 1

e

Answer to Question 2

c

[rl]

YES! Correct, THANKS for helping me on my review

[EAN94]

Excellent