Which of the Following Is Not a Way That a Corporate

question 317

Multiple Choice

Which of the following is not a way that a corporate tax on the income of U.S. car companies will affect markets?

• A)The price of cars will rise.
• B)The wages of auto workers will fall.
• C)Owners of car companies (stockholders) will receive less profit.
• D)Less deadweight loss will occur since corporations are entities and not people who respond to incentives.

Understand how ratios are used in budgeting and forecasting in government and corporate settings.

Grasp the concept of maintaining the same ratio under changing conditions in sports, business, and finance.

Understand the basic forms of business ownership and their characteristics.

Recognize the legal and tax implications of different business organizations.