Do multinationals have more or fewer regulations than corporations that are in just one country

more have to follow rules/taxes in more than country

How do right-to-work laws diminish union power?

Unions with less members have less influence over management

Why can it be difficult for a sole proprietor to find good employees.

They can not compete with larger companies in benefits

What is the KEY difference between cooperatives and nonprofits?

Coops benefit their members; nonprofits benefit the public.

Why might a limited partnership have greater success raising capital than a general partnership

increased attractiveness due to limits on liability

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Econ Unit 3 Review Spring 2018

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Answers

1
Do multinationals have more or fewer regulations than corporations that are in just one country
fewer, because they pay less taxes than regular corporations
more have to follow rules/taxes in more than country
The same-they follow the rules of the country where HQ is
More as they cannot have mergers
2
Why would someone be willing to share business ownership by forming a general partnership?
to benefit from being connected to a well-known brand name
to limit liability
to enjoy a greater share of profits
to avoid paying additional income tax
3
What usually happens to the equilibrium wage when demand for workers is low and supply is high?
It gets higher.
It does not change.
It moves below demand.
It gets lower.
4
What type of merger is it if I sell stone and tile and buy a quarry?
a vertical merger.
a multinational corporation.
a conglomerate.
a horizontal merger.
5
Over the past 20 years, the U.S. economy has shifted to a _____________ economy
industrial-based
agricultural-based
high-tech
service-producing
6
How do right-to-work laws diminish union power?
Management prefers negotiating with unions with more members
Unions with less members have less influence over management
Unions with more members have less influence over management
Non union workers have more influence over management.
7
Why can it be difficult for a sole proprietor to find good employees.
Sole proprietorships keep too much money for themselves
Not enough people in the labor market
They can not compete with larger companies in benefits
People do not like to have only one boss.
8
What is the KEY difference between cooperatives and nonprofits?
Non profits are service centered Coops are goods centered
Coops benefit their members; nonprofits benefit the public.
Coops benefit the public; nonprofits benefit their members.
Non profits are goods centered Coops are service centered
9
When a strike has continued for a long time what might both sides do?
Start meditating
Riot
Enter mediation
Hire new employees
10
Hiring more part time workers help
US Companies so they can outsource the jobs
workers so they do not have to work as much
US companies lower costs
Unions so they do not have to represent so many people.
11
a business owned by an individual
limited partnership
general partnership
sole proprietorship
corporation
12
a business buys new computers, how might its productivity of labor be affected?
It would stay the same.
It would increase.
It would decrease.
It would double.
13
Why might a limited partnership have greater success raising capital than a general partnership
increased share of profits with more investors
increased attractiveness due to limits on liability
increased probability of corporate acquisition
increased access to corporate funds
14
What does a partner in a LLP have that a limited partner in a limited partnership doesn't have
limited liability
business involvement
investment in the partnership
share of profits
15
demand of labor is set by the demand of another good or service, so it is called
demon demand
derived demand
labor of demand
detour of demand
16
Who makes all major decisions for a corporation ?
The President of the Company
The Board of Education
The Board of Directors
The Chief Financial Officer
17
Which type cooperative would attract people who needed help preparing their income tax returns?
service cooperative
producer cooperative
labor cooperative
consumer cooperative
18
A discouraged worker is one whom
is working in a job for which they are overqualified.
has a job they think is below them
does not get the raise they want
has quit looking for a job
19
In the 1800s, why was there a greater need for labor unions than there is now?
Strong child-labor laws had been passed.
Wages were reasonable.
Workers worked longer hours.
Factories were safe.
20
Which type of coop would attract people who wanted to pay a lower price for organic food?
producer cooperative
labor cooperative
service cooperative
consumer cooperative

Econ Unit 3 Review Spring 2018 Flashcards | StudBud