Match Each Term with the Appropriate Definition

question 232

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-LLC

• A)A company that is like a partnership in nature except that it has limited liability.
• B)A company that has a separate legal identity from its owners.
• C)A company that issues stock on one of the major stock exchanges.
• D)When companies are obligated to pay preferred stockholders past dividends not yet distributed before paying dividends to owners of common stock.
• E)The nominal value per share of stock set by the company's charter.
• F)The current stock price.
• G)A stock that is currently selling for its original issue price.
• H)Stock of companies that tend to pay relatively high dividends compared to the stock price.
• I)Stock of companies that tend to reinvest earnings to provide for greater future sales and profits.
• J)When stockholders prefer to receive dividends at the end of the year rather than each quarter.
• K)An unincorporated business that is owned by a single individual.
• L)When preferred stockholders are paid dividends before other stockholders.
• M)An unincorporated business owned by two or more individuals.

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Definitions:

Marginal Productivity

is the additional output resulting from using one more unit of a particular input, holding all other inputs constant.

Hourly Wage

The rate of pay employees receive for one hour of work, an important indicator of labor costs and worker compensation in an economy.

Marginal Resource Cost

The change in total cost that comes from producing one additional unit of a good or service.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production.