A. 60%
B. 70%
C. 80%
D. 70%
Miscellaneous Economics Mcqs
Who really owns the corporation? the……………..?
A. Government
B. stockholders
C. banks
D. founders
The purpose of separating management from ownership is to…………….?
A. secure the highest possible salaries for managers
B. ensure that the long-term interests of the corporation outweigh short-term gains
C. shield absentee owners from any and all responsibility
D. shield the board of directors from any and all responsibility
The most numerous forms of business ownership in the United States is the…………….?
A. partnership
B. subchapter S corporation
C. sole survivorship
D. sole proprietorship
Property is defined in terms of rights of……………..?
A. Ownership
B. consumption
C. distribution
D. production
Economists chart the limits of resources and technology on output through…………………?
A. production-possibility schedules
B. product-moment correlations
C. Venn diagrams
D. welfare functions
In economic terms every action entail…………….?
A. fixed costs
B. risk
C. opportunity costs
D. prime costs
The difference between an average worker’s salary and that of the average CEO has……………?
A. gradually narrowed
B. remained stable
C. slightly increased
D. greatly increased
Corporations wield power through………….?
A. PACs
B. interlocking directorates
C. investment portfolios
D. All of the above
Which of the following is NOT within the secondary economic sector ?
A. Home construction
B. Oil drilling
C. Salmon canning
D. All of these