Very few nations interfere with free international trade by erecting trade barriers with tariffs, quotas, and embargoes

Calculate the price elasticity if a business maintains its current gross profit with a 5 percent price reduction and a 20 percent volume gain

A) -15 B) -4 C) 4 D) 15 E) 25

Seven college friends decide to incorporate their business. The business'sfinancial position steadily deteriorates and it soon becomes unable to pay its debts. Intotal, the company owes its creditors $500,000 but has assets of only $10,000

Who or what can the creditors successfully recover against? A) The shareholders of the company B) the directors of the company. C) both the company and its owners D) the corporation E) the managers of the company