The purpose of separating management from ownership is to________________?

A. Secure the highest possible salaries for managers
B. Ensure that the long-term interests of the corporation outweigh short-term gains
C. Shield absentee owners from any and all responsibility
D. Shield the board of directors from any and all responsibility

The most numerous forms of business ownership in the United States is the________________?

A. Partnership
B. Subchapter s corporation
C. Sole survivorship
D. Sole proprietorship

Property is defined in terms of rights of_________________?

A. Ownership
B. Consumption
C. Distribution
D. Production

Economists chart the limits of resources and technology on output through_____________________?

A. Production-possibility schedules
B. Product-moment correlations
C. Venn diagrams
D. Welfare functions

In economic terms every action entail________________?

A. Fixed costs
B. Risk
C. Opportunity costs
D. Prime costs

The difference between an average worker’s salary and that of the average CEO has_______________?

A. Gradually narrowed
B. Remained stable
C. Slightly increased
D. Greatly increased

Corporations wield power through_____________?

A. Pacs
B. Interlocking directorates
C. Investment portfolios
D. All of the above

Which of the following is NOT within the secondary economic sector ?

A. Home construction
B. Oil drilling
C. Salmon canning
D. All of these

Which occupational categories received the greatest increase in compensation in the 1990s ?

A. Domestic workers
B. Accountants and financial consultants
C. Senior and chief executive
D. Corporate attorneys

The average CEO’s salary in 2005 was______________?

A. 50 times that of the average workers
B. 100 times that of the average workers
C. 250 times that of the average workers
D. 262 times that of the average workers