At the end of World War II in 1945, many economists and business managers expected that the U.S. economy would enter a severe recession. At that time, Sears and Montgomery Ward were the two largest department store chains in the country
Sears CEO Robert Wood expected continuing prosperity and opened new stores. Montgomery Ward CEO Sewell Avery expected falling incomes and rising unemployment and closed a number of existing stores. The results of their actions were seen during the late 1940s, when
A) Sears declared bankruptcy and was purchased by Montgomery Ward.
B) Montgomery Ward weathered the economic downturn in better financial shape than Sears.
C) Sears had to close many of the new stores it had opened following the end of the war.
D) Sears rapidly gained market share at Montgomery Ward's expense.
D
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A) play an important role in reducing income inequality. B) have a net effect of increasing income inequality. C) eliminate all income inequality. D) have little effect on the overall state of income inequality.
When I purchase ________, I own a portion of a firm and have the right to vote on issues important to the firm and to elect its directors
A) bonds B) bills C) notes D) stock