Lower-level managers rarely focus on the day-to-day operations of the organization

Indicate whether the statement is true or false


FALSE

Business

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Once brokers are licensed, they are referred to as realtors

Indicate whether the statement is true or false

Business

Jose dies in the current year and has a gross estate valued at $13,000,000 in 2018. Over the past ten years, Jose had made taxable gifts of $400,000. The estate incurs funeral and administrative expenses of $100,000 and also pays off Jose's debts which amount to $300,000. Jose bequeaths $500,000 to his wife. What is the amount of Jose's tax base, the amount on which the estate tax is computed?

A) $12,100,000 B) $12,500,000 C) $1,320,000 D) $1,820,000

Business

On September 1, Emil Rovey purchased a vehicle for $57,500 with a residual value of $7,500. The estimated useful life is 5 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31?

A. $2,500 B. $3,333 C. $10,000 D. $3,833

Business

Under the _____ scenario, all record- and file-locking activities are performed at the end-user location

a. single-site processing, single-site data b. multiple-site processing, single-site data c. single-site processing, multiple-site data d. multiple-site processing, multiple-site data

Business