Which is not a major advantage of a sole proprietorship?

ease of starting the business

the possibility of fast, flexible decision making

full control by the owner

unlimited personal liability

The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to a. Maximize the stock price per share over the long run, which is the stock's intrinsic value. b. Maximize the firm's expected EPS. c.

Which of the following is a characteristic of a natural monopoly? A. Average cost exceeds marginal cost over large regions of output. B. Increasing the number of firms increases each firm's average total cost. C.

Sarah says that overhead includes utility, rent, and salary costs. Jonas says that overhead includes liabilities and accounts payable. Who is correct?

What is an embargo? user: what is human capital?

Which of the following countries will be better off in the long run? A. Country A with $1 comma 000 annual GDP per capita and a 6 percent annual growth rate. B. Country B with $5 comma 000 annual GDP per capita and a 2 percent annual growth rate. C.

Which country has experienced a doubling of its diabetes rate in the past 4 decades?

One way that governments can improve market outcomes is to ensure that individuals are able to own and exercise control over their scarce resources.

Mike gets angry because Ben made a better grade on a test than he did. They get into an argument, and Mike takes a swing at Ben intending to hit him. Ben shoves Mike in order to avoid the blow.

A company facing an interest rate of 8% must choose among projects offering the following four-year cash flows.

Natalie has an easement to drive across Donald's road. Which of the following circumstances would terminate this easement? A. Sale of Natalie's propertyB. Sale of Donald's propertyC. Revocation of the easement by DonaldD.