Working-Class and Upper-Middle-Class Americans Differ in That

question 24

Multiple Choice

Working-class and upper-middle-class Americans differ in that

• A)working-class Americans are happier than upper-middle-class Americans.
• B)although working-class Americans do not have as many choices available to them,they desire choice,and respond to choices made by others,in the same way that upper-middle-class Americans do.
• C)upper-middle-class Americans employ more primary and more secondary control than do working-class Americans.
• D)working-class Americans use more primary control than upper-middle-class Americans,but there is no difference in the use of secondary control.
• E)working-class Americans respond to a choice being taken away from them better than do upper-middle-class Americans.

Comprehend the differences in liability, taxation, and ease of ownership transfer among different forms of business organization including sole proprietorships, partnerships, and corporations.

Recognize the effects of converting a business from a partnership to a corporation.

Identify the factors influencing firm and market organization, including regulations and tax implications.

Understand the concept of primary and secondary financial markets and the role of financial intermediaries.

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Definitions:

Dividend Increase

An action by a corporation to raise the amount of dividends paid to its shareholders.

Constant Annual Dividend

A fixed dividend amount paid to shareholders every year, without variation.

Rate of Return

Change in an investment's value within a predetermined interval, indicated as a percent of the investment's initial cost.

Annual Dividend

The total amount of dividend payments made to shareholders over the course of a year, often used as an indicator of a company's financial health.