Unlimited Liability Means

question 11

Multiple Choice

Unlimited liability means

• A) when you own your own business you are responsible for all the business debts.
• B) you are only liable for the money you invest in the business.
• C) as a franchisee your franchisor is responsible for the debts of the franchise.
• D) you are liable for whatever advertising promises your firm makes.

Recognize major global stock market indexes and their measurement criteria.

Describe the roles and functions of central bank deposits and money market instruments.

Understand the pricing mechanisms in bond and Treasury markets.

Familiarize with the concept of short selling and futures positions in financial markets.

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Definitions:

Elastic Demand

A scenario in which there's a notable shift in the demand for a product or service due to a variation in its price.

Total Revenue

The entire amount of income generated by the sale of goods or services before any costs or expenses are deducted.

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period.

Monopolist

A monopolist is a single seller in a market who has significant control over the supply of a product or service, and thus can influence prices and market conditions.