In order for your financial plan to be realistic and attainable it needs to be based upon your
A) budget.
B) income level.
C) number of tax deductions, exemption, exclusions, and credits.
D) balance sheet.
E) none of the above.
Answer: B
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Which of the following is NOT part of the physical surroundings of a retail store that can influence how purchase decisions are made?
A. time of day B. decor C. lighting D. crowding E. music
By definition, a(n) ________ proposal is one your audience has asked you to submit
A) external B) internal C) solicited D) unsolicited E) noncompetitive
The purpose of managing by walking around or MBWA is to
A. gather information about what strategy to follow and to learn what competitors are doing. B. learn more about company operations and see how activities are really being done. C. be visible and accessible to employees. D. give employees a chance to make suggestions for improvement. E. gather information about what is happening from people at different organizational levels and learn firsthand how well the strategy execution process is proceeding.
Gary is an architect who also sings at weddings. This year, he received $5,400 in fees for his singing and spent $6,250 on voice lessons, sheet music, and travel to the weddings. Which of the following statements is true?
A. Gary can deduct his $850 hobby loss as an itemized deduction. B. If facts and circumstances support Gary's claim that his singing activity is a business, he can deduct an $850 above-the-line loss. C. Because Gary's primary source of income is his architecture practice, he can't treat the singing activity as a business. D. Because the singing activity resulted in a loss, Gary can't treat it as a business.