Since there are no tax consequences arising from trades in a 401(k) plan, it makes sense
A)
to trade often in an attempt to time the markets.
B)
to ignore this feature and stick to a sound investment approach.
C)
not to participate in the plan since you can't write off tax losses.
D)
to trade aggressively if you are young and have a long investment horizon, but to be more conservative if you are nearing retirement.
B
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List at least three nontax reasons that you might suggest to your client Chan that she should consider shifting some income and assets to a trust.
What will be an ideal response?
Scott Brothers, Inc follows the qualitative characteristic of consistency. This means that:
A) for expenses, Scott uses the same account titles as used by its competitors. B) Scott has elected certain accounting principles that can never be changed. C) Scott applies the same accounting methods each period. D) Scott applies the same accounting principles as its competitors.
Burroughs Wellcome is the developer and maker of AZT, which is a drug to treat persons afflicted with AIDS. The firm charges each patient $6,500 annually, more than many AIDS patients can afford. This is an example of the manufacturer adhering to its
A. cause marketing strategy. B. utopian responsibility. C. moral idealism. D. profit responsibility. E. social responsibility.
Which of the following has played a role in increasing competition within the transportation industry in the United States?
A. decreasing role of technology B. increasing costs of transportation C. increasing costs of PD overall D. increasing costs of product storage E. decreasing governmental regulations