LAST NAME....................................   FIRST NAME .....................................

1. Give an example of market co-ordination.
 

2. Give an example of managerial co-ordination.
 

3. What is the residual claimant?
 

4. According to Efficiency Theorists, how might above market wages influence shirking?
 

5. What does William Baumol claim that firms do instead of maximizing profits?
 

6. In what way is liability an advantage for Corporations compared to Sole Proprietorships?
 

7. Is it easier for corporations or sole proprietorships to raise funds?
 
 

Return to top of page
ec 1210.html