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Author Question: Which of the following about corporations is TRUE? A) The cost of capital and labor is high ... (Read 75 times)

folubunmi

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Which of the following about corporations is TRUE?
 
  A) The cost of capital and labor is high relative to that paid by a proprietorship.
  B) Profits are taxed only once as the owners' income.
  C) The owners' entire wealth is at risk.
  D) Corporations' profits are taxed independently of their owners' incomes.

Question 2

An increase in a consumer's income creates a
 
  A) rightward parallel shift of the budget line.
  B) leftward parallel shift of the budget line.
  C) rightward rotation of the budget line, so that the budget line becomes steeper.
  D) leftward rotation of the budget line, so that the budget line becomes steeper.



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cadimas

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Answer to Question 1

D

Answer to Question 2

A




folubunmi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


zacnyjessica

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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