Answer:
The correct answer is option a.
Explanation:
A price ceiling is an upper limit on the price that could be charged for a product. It is generally imposed to protect consumers and to make necessary items affordable for the people.
A price ceiling below the equilibrium price is called a binding price ceiling. It creates a shortage in the market as at lower prices the consumers will demand more of a commodity but the suppliers will supply less.
Because of the law of demand and law of supply, the quantity demanded will be greater than the quantity supplied at a price that is fixed below the equilibrium price.
In general, when a corporation is to be created, it gets its charter from <u>the state government. </u>
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Corporations:
- Get their charter from a state government
- Are bound by the laws of the state in which they are registered
The powers that state governments have in the United States include being able to license corporations and when they do this, that corporation is bound by their laws.
Corporations would therefore usually look for states with more lenient laws.
In conclusion, corporate charters come from the state government.
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A enlist in the military. If you enlist in the US military they will cover the costs of your education
A fiscal year, is a 12-month financial planning period that may or may not coincide with the calendar year.
Explanation:
A fiscal year to the government is just like a financial year for a company/corporation.
A government can have a fiscal year from the middle of a year (July) to the next year (June) which in total is 12 months.
Sometimes a fiscal year coincide with the calendar year but that does not acknowledge the fact that is must be a calendar year.
This fiscal period are a planned period to take up projects or meet budgets.
