Which of the Following Is Organized as a Corporation and Owned

question 71

Multiple Choice

Which of the following is organized as a corporation and owned by stockholders?

• A)Credit unions
• B)Investment companies
• C)Mutual savings banks
• D)Savings and loan associations
• E)Commercial banks

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Definitions:

Pure Monopsonist

A market condition where there is only one buyer for a product or service, giving this buyer significant control over the market.

Market Equilibrium Wage

The market equilibrium wage is the rate of compensation for labor where the quantity of labor supplied by workers matches the quantity of labor demanded by employers, resulting in no excess supply or demand in the job market.

Industrial Union

A method of labor union organization in which workers from a specific industry are unified into a single union, irrespective of their individual skills or trades.

Right to Work Laws

Laws that prohibit union security agreements between companies and workers' unions, preventing mandatory union membership for employment.