The Process of Doing Business as a Corporate Person Can

question 21

True/False

The process of doing business as a corporate person can sometimes be called ultra vires.

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold.

Average Costs

The cost per unit is found by dividing the overall production cost by the quantity of units produced.

Market Price

The current price at which an asset or service can be bought or sold in the market.

Marginal Cost

The increase in total production costs resulting from the production of one additional unit of a product or service.