To satisfy the “not-for-profit” requirement for exempt status, the entity may not be engaged in a trade or business.
Answer the following statement true (T) or false (F)
False
Rationale: To satisfy the “not-for-profit” requirement for exempt status, the organization must not be organized or operated for the purpose of making a profit. For example, the operation of a museum gift shop can be considered as a trade or business. But this does not cause the otherwise exempt museum to be ineligible for exempt status.
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The income statement is sometimes called the statement of profit and loss
a. True b. False Indicate whether the statement is true or false
For sensitive communication like bad-news messages, evaluation is particularly important because communication can have significant negative business results
Indicate whether the statement is true or false.
Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck
The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. Develop a decision tree for this situation and indicate which type of truck he should select. States of Nature Alternatives Lower gas prices Gas prices unchanged Higher gas prices Probability .3 .5 .2 Subcompact 16,000 19,000 21,000 Compact 15,000 20,000 22,000 Full size 24,000 19,000 6,000
Voice recognition is sometimes classified as behaviormetrics rather than biometrics, since the analysis is based on the study of the manner in which a person speaks, which is a behavior rather than a physical trait.
Answer the following statement true (T) or false (F)