Which of the Following Is a Characteristic of a Corporation

question 316

Multiple Choice

Which of the following is a characteristic of a corporation but not of a small family-owned business?

• A) The firm buys inputs in markets for the factors of production.
• B) The firm sells output in markets for goods and services.
• C) The firm is guided in its decisions by the objective of profit maximization.
• D) The firm faces a principal-agent problem created by the separation of ownership and control.

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Definitions:

Table Design

The phase in database management where the structure of a table including fields, types, and relations is defined and implemented.

Field Properties Pane

A section in database applications where users can view and modify properties and settings of database fields, such as data type and validation rules.

Validation Rule Expression

A formula or criterion set in databases or software applications that checks data before it is entered or saved, ensuring data integrity and consistency.

HireDate

A term typically used in databases or employee management systems to denote the field that records the date an employee started working.