The Difference Between GDP and NDP Is

question 110

Multiple Choice

The difference between GDP and NDP is

• A)Who has control of the company.
• B)Who receives the profit from the sale.
• C)Where the money is spent.
• D)Depreciation.

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Definitions:

Express and Implied Powers

Authorities of a governmental or organizational body that are explicitly stated (express) or inferred through conduct (implied).

Ultra Vires

Acts or decisions made by an entity that are beyond the scope of powers granted by its constitution or laws.

Articles of Incorporation

Legal document filed with a governmental entity to legally establish a corporation.

Incorporator

The person or entity that files the incorporation papers with the state to legally form a corporation.