Which of These Is an Advantage of a Private Company

question 17

Multiple Choice

Which of these is an advantage of a private company compared with a partnership?
i) perpetual life
Ii) easier transfer of ownership
Iii) mutual agency
Iv) limited liability

• A) i, ii, iii
• B) i, ii, iv
• C) ii, iii, iv
• D) i, ii

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for regulating the monetary policy to stabilize the economy.

Unemployment

The condition of being jobless despite actively seeking employment and being ready to work.

Inflation

The level of acceleration in the universal pricing for goods and services, diminishing the power of the dollar.

Inflation Expectations

The rate at which individuals expect the general price level of goods and services to change over a period of time.