Question 1

Economic characteristics of subchapter S corporations do not include which of the following?

Accepted Answer

A) Specialization 
B) Economics of scale 
C) Reduction in income fluctuation 
D) Can pass along greater assets to the next generation 
E) All of the above are characteristics of subchapter S corporations 
A) Specialization 
B) Economics of scale 
C) Reduction in income fluctuation 
D) Can pass along greater assets to the next generation 
E) All of the above are characteristics of subchapter S corporations

Question 2

What was the highest annual inflation in a given year in the U.S.during the period 1950-2014?

Accepted Answer

A) 10.4% 
B) 11.0% 
C) 11.2% 
D) 13.5% 
E) None of the above. 
A) 10.4% 
B) 11.0% 
C) 11.2% 
D) 13.5% 
E) None of the above.

Question 3

Which of the following is characterized by limited liability?

Accepted Answer

A) Individual proprietorship 
B) Partnership 
C) Family limited partnership 
D) Both a and b 
E) Both b and c 
A) Individual proprietorship 
B) Partnership 
C) Family limited partnership 
D) Both a and b 
E) Both b and c

Question 4

For which of the following financial institutions is the owner money not at risk?

Accepted Answer

A) Brokerage company 
B) Mutual fund company 
C) Trust company 
D) Owner money is not at risk for all of the above 
E) Owner money is at risk for all of the above 
A) Brokerage company 
B) Mutual fund company 
C) Trust company 
D) Owner money is not at risk for all of the above 
E) Owner money is at risk for all of the above

Question 5

Which of the following provides regulatory services for securities traded in over-the-counter markets?

Accepted Answer

A) SEC 
B) NASD 
C) NYSE 
D) Both a and b 
E) Both a and c 
A) SEC 
B) NASD 
C) NYSE 
D) Both a and b 
E) Both a and c

Question 6

For which of the following is income not taxed on the individual return?

Accepted Answer

A) Subchapter S corporation 
B) Limited liability partnership 
C) Partnership 
D) Income is taxed on the individual return for all of the above 
E) Income is not taxed on the individual return for all of the above 
A) Subchapter S corporation 
B) Limited liability partnership 
C) Partnership 
D) Income is taxed on the individual return for all of the above 
E) Income is not taxed on the individual return for all of the above

Question 7

For each of the following types of business organizations,detail the organization's economic,taxation,legal,and life cycle characteristics.
-Individual Proprietorship
-Partnership
-Limited Liability Partnership
-Family Limited Partnership
-C Corporation
-Subchapter S Corporation
-Limited Liability Corporation

Accepted Answer

The answer of For each of the following types of...

Question 8

A recession is defined as:

Accepted Answer

A) A three-quarter or longer decline in real overall output for the nation 
B) A two-quarter or longer decline in real overall output for the nation 
C) A three-quarter or longer decline in real industrial output for the nation 
D) A two-quarter or longer decline in real industrial output for the nation 
E) None of the above 
A) A three-quarter or longer decline in real overall output for the nation 
B) A two-quarter or longer decline in real overall output for the nation 
C) A three-quarter or longer decline in real industrial output for the nation 
D) A two-quarter or longer decline in real industrial output for the nation 
E) None of the above

Question 9

Which of the following is characterized by a limited life cycle?

Accepted Answer

A) Subchapter S corporation 
B) Limited liability partnership 
C) Partnership 
D) All of the above 
E) None of the above 
A) Subchapter S corporation 
B) Limited liability partnership 
C) Partnership 
D) All of the above 
E) None of the above

Question 10

Which of the following is not one of the factors in the index of leading indicators?

Accepted Answer

A) Stock prices 
B) Consumer expectations 
C) Money supply 
D) Initial unemployment claims 
E) All of the above are factors 
A) Stock prices 
B) Consumer expectations 
C) Money supply 
D) Initial unemployment claims 
E) All of the above are factors

Question 11

When the economy reaches bottom,it is in a:

Accepted Answer

A) Trough 
B) Gutter 
C) Ditch 
D) Depression 
E) Recession 
A) Trough 
B) Gutter 
C) Ditch 
D) Depression 
E) Recession

Economic characteristics of subchapter S corporations do not include which of the following?

What was the highest annual inflation in a given year in the U.S.during the period 1950-2014?

Which of the following is characterized by limited liability?

For which of the following financial institutions is the owner money not at risk?

Which of the following provides regulatory services for securities traded in over-the-counter markets?

For which of the following is income not taxed on the individual return?

A recession is defined as:

Which of the following is characterized by a limited life cycle?

Which of the following is not one of the factors in the index of leading indicators?

When the economy reaches bottom,it is in a:

Introduction to PFP

Time Value of Money

Beginning the Planning Process

Household Finance

Financial Statements Analysis

Cash Flow Planning

Debt

Non Financial Investments

Financial Investments

Risk Management

Other Insurance

Retirement Planning

Educational Planning

Tax Planning

Estate Planning

Stocks, Bonds and Mutual Funds

Background Topics

Capital Needs Analysis

Behavioral Financial Planning

Modern Investment Theory

Behavioral Finance-Applications

Comprehensive Financial Plan-Dan and Laura

Examining Financial Regulation and Ethics

Filters

Exam 21: Employee Benefits

Economic characteristics of subchapter S corporations do not include which of the following?

What was the highest annual inflation in a given year in the U.S.during the period 1950-2014?

Which of the following is characterized by limited liability?

For which of the following financial institutions is the owner money not at risk?

Which of the following provides regulatory services for securities traded in over-the-counter markets?

For which of the following is income not taxed on the individual return?

A recession is defined as:

Which of the following is characterized by a limited life cycle?

Which of the following is not one of the factors in the index of leading indicators?

When the economy reaches bottom,it is in a:

Introduction to PFP

Time Value of Money

Beginning the Planning Process

Household Finance

Financial Statements Analysis

Cash Flow Planning

Debt

Non Financial Investments

Financial Investments

Risk Management

Other Insurance

Retirement Planning

Educational Planning

Tax Planning

Estate Planning

Stocks, Bonds and Mutual Funds

Background Topics

Capital Needs Analysis

Behavioral Financial Planning

Modern Investment Theory

Behavioral Finance-Applications

Comprehensive Financial Plan-Dan and Laura

Examining Financial Regulation and Ethics

Filters