Describe the tier system for trust beneficiaries.
What will be an ideal response?
The tier system distinguishes between mandatory (tier-one) distributions and discretionary (tier-two) distributions. Tier-one beneficiaries are taxed on the smaller of DNI or the amount of the mandatory distributions. Tier-two beneficiaries are taxed on the lesser of DNI remaining after the mandatory distributions or the amount of the discretionary distributions.
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Which of the following is a difference between experiential approach to innovation and compression approach to innovation?
a. Experiential approach is used to establish a new dominant design, whereas compression approach is used to improve the function of the existing dominant design. b. Experiential approach is used in periods of incremental change, whereas compression approach is used in periods of discontinuous change. c. Experiential approach is used in fast-growing environments, whereas compression approach is used in highly uncertain environments. d. Experiential approach is used to shorten the time of individual steps, whereas compression approach is used to test the improved product or service prototype.
When Laura started working in the accounting department, she felt like her boss hovered over her all day and constantly double checked her work. As a result, Laura made sure she always did her work exactly as the boss would like and she double checked her own work so the boss would find no errors. Eventually, she found that her boss stopped hovering and double checking her work. What Laura experienced was _________.
A. positive reinforcement B. extinction C. punishment D. negative reinforcement E. alternative reinforcement
A certain type of computer costs $1,000, and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity?
A) 16 B) 70 C) 110 D) 183 E) 600
Which of the following factors would require a more decentralized organizational structure?
A. when the lower-level managers want a voice in decisions B. when the lower level managers are not capable of making decisions C. when the decisions to be made are not significant D. when the company is large