This topic contains a solution. Click here to go to the answer

Author Question: Which of the following about corporations is TRUE? A) The cost of capital and labor is high ... (Read 71 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cadimas

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

D

Answer to Question 2

A




folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

For a complete list of videos, visit our video library