Which Is the Most Accurate Statement

question 155

Multiple Choice

Which is the most accurate statement?

• A)There is basically no real difference between shutting down and going out of business.
• B)One big difference between shutting down and going out of business is that after you've shut down you're still paying bills,but when you've gone out of business,there are no more bills to pay.
• C)When you shut down you must still pay your variable costs,but when you go out of business you have no costs at all.
• D)Shutting down is a long run option,while going out of business is a short run option.

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Definitions:

USSR

The USSR (Union of Soviet Socialist Republics) was a socialist state in Eurasia that existed from 1922 to 1991, comprising multiple republics including Russia.

Democratic Socialist

A socio-political ideology advocating for democratic means to achieve and maintain a socialist economic system, where there is significant public or collective ownership of the means of production.

Corporate Ownership

Pertains to the ownership structure of corporations, typically through shares held by individuals or other companies.

Individual Ownership

Pertains to the legal rights of a single individual to possess, use, and dispose of property or assets.