A corporation may alternate between S corporation and C corporation status each year, depending on which results in more tax savings
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: If an S corporation election is terminated, another election generally is not available for five years.
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When it comes to length, an application letter should
A) be at least two pages long, since it shows the prospective employer that you write well and are serious. B) be no more than a single paragraph. C) contain one paragraph for every 5 years of full-time employment. D) be short—no more than three paragraphs. E) be long enough to cover everything that appears on your résumé.
______ is communication used to intimidate and segregate based on gender, sexual orientation, race, and ethnicity.
a. Ethnocentrism b. Stereotyping c. Prejudice d. Hate speech
Small expenditures for what ordinarily are considered revenue expenditures frequently are treated as capital expenditures
Indicate whether the statement is true or false
The statement, “I would never vote for that guy. Just look at his bad haircut!” is an example of which common fallacy of logic and reason?
a. non sequitur b. ad hominem c. red herring d. slippery slope