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FEDERAL SURPLUS: The difference between federal government spending and taxes when taxes are greater than spending.
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Lesson 13: The Firm | Unit 3: Legal Types
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Page: 15 of 24
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- A corporation:
A corporation is a firm this is a distinct legal entity that exists separately from its owners. A corporation issues ownership shares reflecting the extent of ownership interest and of liability. A corporation is considered a distinct legal entity apart from the owners. - Let's consider the good and bad of corporations.
- Advantages: The good that makes corporation stand head and shoulders above proprietorship and partnership is limited liability.
- Disadvantages: The bad of a corporation, especially when it has millions of owners, is the separation of ownership and control.
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CONGRESSIONAL BUDGET OFFICE A nonpartisan governmental support agency that provides Congress with analyses needed for economic and budget decisions and with the information and estimates required for the Congressional budget process. The Congressional Budget Office was created by the Congressional Budget and Impoundment Control Act of 1974. It began operating on February 24, 1975. The Congressional Budget Office is composed primarily of economists and public policy analysts. About 70 percent of its professional staff hold advanced degrees in either economics or public policy.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales wanting to buy either a coffee table shaped like the state of Florida or storage boxes for your summer clothes. Be on the lookout for mail order catalogs with hidden messages.
Your Complete Scope
This isn't me! What am I?
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The standard "debt" notation I.O.U. does not mean "I owe you," but actually stands for "I owe unto..."
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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SLLN
Strong Law of Large Numbers
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