Economists and Policy Makers Are Committed to Encouraging a High

question 119

Multiple Choice

Economists and policy makers are committed to encouraging a high and growing level of real GDP because:

• A) This implies a lower price level
• B) This means a higher level of unemployment
• C) This implies an increase in investment
• D) This means greater consumption opportunities

Understand the legal obligations and liabilities of corporations regarding dividends, debts, and breaches.

Comprehend the characteristics and advantages of incorporation, including limited shareholder liability and ease of share transferability.

Interpret the legal protections for shareholders and directors in various scenarios, including liabilities, responsibilities, and the concept of lifting the corporate veil.

Recognize the responsibilities and potential breaches of fiduciary duty by directors and officers within a corporation.