Points paid in connection with the purchase of a principal residence may be deducted in the year paid.
Answer the following statement true (T) or false (F)
True
Normally prepaid interest must be amortized over the life of the loan, but an exception allows immediate deduction in the case of the purchase of a principal residence.
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Personal selling refers to people-to-people oral, written, or electronic communications that relate to the merits or experiences of purchasing or using products or services
Indicate whether the statement is true or false
Risk avoidance involves asking an insurance company to take over the risk in exchange for a small payment.
Answer the following statement true (T) or false (F)
Which of the following is a true statement about the current legal system?
A) It is based on certain unchanging laws, which have been handed down from Great Britain and carefully guarded. B) It is based solely on the primary ethical norm of freedom, which cannot be subordinated to other norms. C) It is based on statutes, which must be interpreted by legal scholars, who then impart their wisdom to judges and lawyers. D) It has evolved over the centuries through previous case decisions.
Which type of computer is often used for numerically intensive scientific calculations or to act as an extremely large Web server?
A) microcomputers B) midrange systems C) mainframes D) supercomputers