business study

which business structure has the owners as shareholders and a board of directors for day-to-day operations

• LLC

• corporation

• sole propriorship

• patnership

which business structure allows for pass through personal income tax and limits liability?

• sole propriorship

• partnership

• corporation

• LLC

The law of supply states that when prices goes up supply goes _____

the law of demand states that when prices goes up demand goes _____

globalization has helped the following

• expand labor resources

• expand economic growth globally

• global cooperation

• expand pollution

globalization has the following disadvantages

• exploiting laborers in sweat shops

• increasing environmental concerns

• unequal growth of the economy

• expanding business opportunities

an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners

• comparative advatage

• absolute advanatge

if you went to the store for cleaning products and on the shelf you see Clorox wipes, off-brand Clorox wipes, and all organic cleaning wipes for double the price of Clorox. which is the normal good?

• clorox

• off brand clorox

• all organic wipes

if you went to the store for cleaning products and on the shelf you see Clorox wipes, off-brand Clorox wipes, and all organic cleaning wipes for double the price of Clorox. which is the inferior good?

• clorox

• off brand clorox

• all organic wipes