A Corporation Acts Under Its Own Name Rather Than in the Name

question 74

True/False

A corporation acts under its own name rather than in the name of its shareholders.

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Definitions:

MPC (Marginal Propensity to Consume)

The proportion of additional income that is spent on consumption.

Saving

The act of setting aside money for future use instead of spending it immediately.

Disposable Income

The capital households have to spend and save once income taxes have been cleared.

Disposable Income

The financial resources that households have at their disposal for spending and saving after income tax deductions.