Price Floors Are Used as a Method To

question 32

Multiple Choice

Price floors are used as a method to:

• A) ensure buyers that goods won't be cheaper tomorrow.
• B) see that production levels don't fall too low.
• C) guarantee there will be enough food for everyone.
• D) combat excess demand in the market.
• E) ensure sellers a minimum price for their goods.

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Definitions:

Transferability of Shares

Refers to the ability of shareholders to sell or transfer their shares to another party, subject to the rules of the corporation and securities laws.

Ultra Vires

Acts performed by a corporation that are beyond the scope of its charter or legal authority.

Redress

The act of correcting a wrong or giving compensation for a harm done.

State of Incorporation

The specific state within the United States in which a company is legally registered to do business.