Property owned by individuals is called:
A. Common property
B. Shared property
C. Public property
D. Private property
Answer: D
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In the mid- to late 1980s, the United States had "twin deficits" because both ________ and ________ were negative
A) government saving; private saving B) saving; investment C) the current account; investment D) government saving; the current account
Given a series of contracts offered to an executive having the same slope (where slope refers to how the contract varies with changes in the firm's gross profits) but different intercepts (referring to the overall generosity of the contract). Which of these is not a consideration in figuring out which of these intercepts the shareholders would decide to build into the contract offered to the
executive? a. if too generous a contract is offered, this comes out of the firm's bottom-line profit. b. if too generous a contract is offered, the executive may become lazy and not exert the required effort. c. if the contract isn't generous enough, the executive will decide to work elsewhere. d. if the contract isn't generous enough, only low-ability executives will apply.