Limited Liability: Pros and Cons

<p>The ways corporations use innovation to create intangible assets. (D)</p> Signup and view all the answers

<p>Financial returns generated from intellectual property. (C)</p> Signup and view all the answers

<p>Permanent acquisition of land and resources. (C)</p> Signup and view all the answers

<p>To generate profits and increase shareholder value. (B)</p> Signup and view all the answers

<p>It allows corporations to take more financial risks. (D)</p> Signup and view all the answers

<p>It encourages irresponsibility and inequality. (C)</p> Signup and view all the answers

<p>Mexico (D)</p> Signup and view all the answers

<p>It enables investors to raise substantial capital while limiting their personal risk. (B)</p> Signup and view all the answers

<p>A corporation is a legal entity that possesses its own independent legal standing, enabling it to enter into contracts and own property. (D)</p> Signup and view all the answers

<p>It protects the assets of the corporation from being seized by creditors of the shareholders. (D)</p> Signup and view all the answers

<p>To safeguard the corporation's assets from being seized by creditors of the corporation's owners. (C)</p> Signup and view all the answers

<p>The capability to enter into contracts and own property in its own name. (A)</p> Signup and view all the answers

<p>They were liable to cover the corporation’s debts with their personal assets. (B)</p> Signup and view all the answers

<p>It clarifies the legal distinction between the corporation as an entity and its owners. (A)</p> Signup and view all the answers

<p>The obligation to maximize shareholder profits regardless of other considerations. (D)</p> Signup and view all the answers

<p>Privately held corporations have a more limited number of shareholders compared to publicly traded corporations. (D)</p> Signup and view all the answers

<p>To promote and protect domestic industries through government initiatives. (B)</p> Signup and view all the answers

<p>Establishment of a national bank to control the nation's currency. (A)</p> Signup and view all the answers

<p>They create a network of interconnected corporations, solidifying alliances and influence. (A)</p> Signup and view all the answers

<p>Countries should specialize in producing goods they can make most efficiently, even if others can produce them cheaper. (C)</p> Signup and view all the answers

<p>They prioritize maximizing profits above all else. (D)</p> Signup and view all the answers

<p>To prevent the formation of large monopolies that could harm consumers and stifle innovation. (B)</p> Signup and view all the answers

<p>Investors are protected from personal liability for the company's debts by limited liability. (D)</p> Signup and view all the answers

<p>It involves government intervention and initiatives to promote specific industries. (E)</p> Signup and view all the answers

<p>A formal document that establishes the company's legal existence and defines its rights and privileges. (A)</p> Signup and view all the answers

<p>An erratic and inconsistent approach to enforcing the law. (B)</p> Signup and view all the answers

<p>To exploit and leverage knowledge and data to drive profit and value extraction. (A)</p> Signup and view all the answers

<p>Investors are only liable for the amount they have invested in the corporation, not their personal assets. (D)</p> Signup and view all the answers

<p>Countries should specialize in producing goods they can produce at a lower opportunity cost than other nations. (B)</p> Signup and view all the answers

A business owned by shareholders who invest for shares, sharing profits and losses.

A legal entity with rights, can sue or hold property, limits personal liability for debts.

The concept that a corporation is seen as a person in law, owning assets and entering contracts.

The distinction between corporate assets and personal assets of shareholders, protecting company assets.

The protection of a corporation's assets from its owners' personal creditors.

Shareholders are not personally responsible for the corporation’s debts beyond their investment.

Legislation that defines the legal structure and operation of corporations in Canada.

Individuals or entities that own shares in a corporation and share in its profits or losses.

A written document defining a company’s structure and rights upon incorporation.

Companies that sell shares to the public on stock markets, with limited liability for investors.

Companies whose shares are not publicly traded, typically owned by a small group.

Government initiatives designed to enhance productivity and redirect resources in the economy.

Canadian economic plan from 1879 focused on tariffs, railways, and immigration.

Canada's first antitrust law aimed at preventing economic abuse and ensuring fair competition.

A nation’s ability to produce goods at a lower opportunity cost than others, promoting free trade.

Large corporations in crucial sectors expected to generate profit while serving national interests.

A board structure where directors from one company hold positions on others, forming significant ties.

The five largest firms in the USA that dominate the market: Amazon, Apple, Google, Facebook, Microsoft.

Leading corporations exert dominance through control over knowledge and data, affecting value and production.

The cost to buy a single share of a corporation, indicating its financial health.

An effort to expand transport infrastructure to enhance trade and economic growth.

Taxes on imports aimed at protecting domestic businesses from foreign competition.

Companies that exclusively utilize and control big data and AI for competitive advantage.

The challenge of ensuring reliable, affordable energy while transitioning to low-carbon sources.

A form of colonialism characterized by ongoing territorial acquisition.

The cultural, social, and economic impacts of oil production in exporting countries.

An oil-rich country with concentrated power and weak institutions.

An organization that coordinates and unifies petroleum exporting countries to influence oil production and prices.

These often are weak, leading to a concentration of wealth and power among elites.

Energy systems that are low-carbon and cause minimal environmental harm.

The improvement of economic performance and the introduction of new products or methods.