A sole proprietorship is
A) the least profitable type of business to set up. B) the easiest type of business to set up.
C) the most difficult type of business to set up. D) the most expensive type of business to set up.
B
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Applying Coase's theorem, if the cost to you from having the airplane seat in front of you reclined is ________ the benefit to the reclining passenger, you should ________
A) greater than; request a payment from the reclining passenger B) less than; request a payment from the reclining passenger C) greater than; make a payment to the reclining passenger D) less than; make a payment to the reclining passenger
All of the following are characteristics of a bond except
A) the coupon payment is the interest payment on the bond. B) a bond represents a promise to repay a fixed amount of funds. C) bonds generally pay dividends each year. D) the face value is repaid when the bond matures.