The World Bank estimates that one of the strongest factors in the growth of any nation's GNP (gross national product) is ________.
A. large businesses
B. small and medium-sized enterprises
C. global trading
D. higher tariffs
Answer: B
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Sharon made a $60,000 interest-free loan to her son, Todd, who used the money to start a new business. Todd’s only sources of income were $25,000 from the business and $490 of interest on his checking account. The relevant Federal interest rate was 5%. Based on this information:
A. Todd’s business net profit will be reduced by $3,000 (0.05 × $60,000) of interest expense. B. Sharon must recognize $3,000 (0.05 × $60,000) of imputed interest income on the below-market loan. C. Todd’s gross income must be increased by the $3,000 (0.05 × $60,000) imputed interest income on the below-market loan. D. Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense. E. None of these is correct.
When an advertiser seeks to differentiate its product offering from that of a competitor, the
advertiser's objective is persuasive advertising. Indicate whether the statement is true or false
Internet domain names
A. are sold on a secondary market and can be reacquired through intermediaries. B. can be disputed in the World Court. C. belong to the company that uses the name first in each market. D. need to be registered in each country, because the person registering the name has legal control over it.
The staffing section of an informal proposal may ________
A) identify the size and qualifications of the support staff B) describe the credentials and expertise of the project leaders C) identify resources such as computer facilities that will be used during the project D) do all of these