Macroeconomics
21st Edition
ISBN: 9781259915673
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 7RQ
To determine
The form of business.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The result of two firms joining to form a company is known as which of the following?Choose one answer.a. Limited liability company b. Merger c. Conventional corporation d. Acquisition
According to Theodore Levitt, in terms of an
organization's business, railroads lost market
share in the 20th century because they
had less flexible
routes than
trucking.
defined their
business too
narrowly.
tried to create a
business that
appealed equally
to all people.
priced their
services too high.
were simply an
outmoded form of
transnortatin
Which of the following stakeholders of a company would most likely be responsible for formulating a corporate strategy?
Select one:
A. the middle manager
B. the creditors
C. the first-line employees
D. the chief executive officer
Chapter 2 Solutions
Macroeconomics
Ch. 2.2 - Prob. 1QQCh. 2.2 - Prob. 2QQCh. 2.2 - Prob. 3QQCh. 2.2 - Prob. 4QQCh. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQ
Ch. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 10DQCh. 2 - Prob. 11DQCh. 2 - Prob. 12DQCh. 2 - Prob. 13DQCh. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4P
Knowledge Booster
Similar questions
- What are the three major legal forms of business organization? Which form is the most prevalent in terms of numbers? Why do you think that is so? Which form is dominant in terms of total sales? What major advantages of this form of business organization gave rise to its dominance?arrow_forward3) Louis, Carl, and David have secured a charter for their car dealership. They hold an organizational meeting to establish the corporation's bylaws and elect a board of directors. What is one thing the bylaws might do? A) determine how many employees their corporation will have B) set up committees of the board of directors C) describe the type of products their corporation will sell D) describe the types of services their corporation will offer E) determine the type of customers their corporation will have 3)arrow_forwardTHINK IT THROUGH You are the CEO of a major corporation that produces containers for soft drinks and a wide variety of other consumer products. Your company’s shareholders are asking that you improve the company’s image—while not cutting into profits—by taking steps to reduce waste. What steps would you consider taking?arrow_forward
- there are four (4) characteristics or term in which we can differentiate a market structure from each other. they are?arrow_forwardTrue or False: A liability is something you owe to another person or to a business. True Falsearrow_forwardTrue or False 1. A cooperative is a business organization owned by a group of individuals and is operated for their mutual benefit 2. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. 3. Sole proprietorship are not ideal for high risk businesses because they put your personal assets at risk.arrow_forward
- Question 10: Doctrow uses the following terms to describe; Someone who puts capital into production and refinement A Audiences B Investors C Intermediaries D Creatorsarrow_forwardWhy might a firm wish to operate in more than one country? What are the two documents that limited liability companies must register with the government before trading?arrow_forwardDiscuss it in your own understanding and then give example each of the following: Tangible and Intangible Market Structure ( Perfect Competition,Monopoly Competition and Oligopoly Competition) Price and Production Local and National market Consumer and Producer goods Demands Law of demand Utility and Demandarrow_forward
- In economics, an organization that produces a good or service is called a company. firm. business. All of the above are correct.arrow_forwardAssume you are an engineer working for a chemical production company. You are on the technical team that is responsible for deciding what to do about the dangerous chemical that your company is using to produce its best-selling chemical product. Recent reports have just made known the dangers of this chemical, and the company now needs to decide how to proceed. There are several options to consider: stop producing the harmful product altogether and take a hit on total profits; continue to make the product and sell it, like nothing's wrong, since the federal government has not cracked down. You could also spend money and engineering efforts in R&D to develop a safe chemical that would take its place. There is no guarantee that this would happen any time soon, but the scientists think it is realistically possible. To make matters worse, your biggest competitor produces this harmful product off-shore and is not hampered by the US regulations. If you stop producing this product…arrow_forwardBen Hunt operated a farm under the name of S.B.H. Farms. Hunt went to Mollary Bank and Trust and requested a loan to build hog houses, buy livestock, and expand farming operations. The bank agreed to loan S.B.H. Farms $175,000, for which short-term promissory notes were signed by Hunt. At the same time, oral discussions were held with the loan officer regarding long-term financing for the farm operations. No dollar amount, interest rate, or repayment terms were discussed. When Hunt defaulted on the short-term notes, the bank foreclosed on the farm. Hunt counterclaimed for $750,000 damages, alleging that the bank had breached a contract for long-term financing. Was there a valid offer for long-term financing offered by the bank?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co