Revenues are raised to finance governmental activities, but revenues may be expended only for purposes and in amounts approved by the legislative branch in compliance with laws of competent jurisdictions. This process is known as the:
A. Encumbered Process.
B. Budgetary Fund.
C. Appropriations Process.
D. Expended Process.
Answer: C
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Zain retained Linda, an accountant, to prepare his federal income tax return. In the course of preparing the return, Linda had several conferences with Zain, during which she made notes. In addition, Zain furnished Linda with a number of documents concerning transactions in which Zain had been involved. The Internal Revenue Service (IRS) ultimately brought suit against Zain, claiming that he had underpaid his actual tax liability by a substantial amount. The IRS arranged for a subpoena to be served on Linda. The subpoena purported to require her to produce, in court, Zain's documents and the notes she had made during conversations with Zain. Linda sought to resist the order on the basis that the conversations were held in confidence, for the purpose of preparing Zain's tax return, and
that the notes were made and documents were delivered in furtherance of the same purpose. Linda claimed, therefore, that what the IRS sought was privileged information and that since neither she nor Zain had waived the privilege, she should not have to produce what the IRS sought. Is Linda's argument sound? Explain. What will be an ideal response?
Figure 7-1According to Figure 7-1 above, analyzing the data occurs during which step of the five-step marketing research approach?
A. A B. B C. C D. D E. E
Which of the following statements is correct?
A) An owner of a C corporation is taxed on his or her proportionate share of earnings. B) S shareholders are only taxed on distributions. C) S shareholders are taxed on their proportionate share of earnings that are distributed. D) S shareholders are taxed on their proportionate share of earnings whether or not distributed.
Explain the Boyce-Codd normal form (BCNF). How is it related to other normal forms?