Under IRS rules, any incorporated business with more than one owner is automatically taxed as a _____________ unless it indicates otherwise on tax forms or gets an exception.
Fill in the blank(s) with the appropriate word(s).
Ans: partnership
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Which of the following transactions is a significant noncash investing and financing activity?
a. Land is purchased for cash. b. Bonds are issued for cash. c. Cash equivalents are purchased. d. Equipment is acquired by issuing a long-term note.
A company that wanted its sales force to see a direct connection between performance and pay would most likely use which of the following compensation plans?
A) a straight commission plan B) a straight draw plan C) a commission-bonus plan D) a performance objective plan E) a behavioral objective plan
A social network is an online community that promotes sharing of content among users
Indicate whether the statement is true or false
What is a supply chain planning system?
A. Ensures supply chain cohesion by automating the different activities of the supply chain. B. Views all areas up and down the supply chain in real time. C. Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory. D. Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.