All of the Following Are True Except

question 35

Multiple Choice

All of the following are true except

• A)the last to be paid off,whether the corporation does well or goes bankrupt,are the common stockholders.
• B)a key advantage of incorporating is limited liability.
• C)corporations account for about 50 percent of all business sales in the United States.
• D)corporations are controlled by the common stockholders.

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Definitions:

Low-income Individuals

persons or groups with earnings significantly below the median level of income for their society or geographic area.

Interest Rate Ceilings

A regulatory measure that sets the maximum interest rate that can be charged on loans and other financial products.

Deregulation

The process of reducing or eliminating government controls and restrictions in an industry to enhance efficiency and competition.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that provides insurance protection to depositors in US banks.