According to Schwartz, societies that emphasize intellectual autonomy encourage individuals to ________
A) pursue their own ideas independently
B) respect social order and tradition
C) place importance on security, obedience, and wisdom
D) participate in a shared way of life
A
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Contrast internal and external auditing
Once a union has been certified, the parties to the contract have the right to bar an outside party from holding an election for more than three years.
Answer the following statement true (T) or false (F)
In a theoretical paper, Williams (1995) develops a model of industry equilibrium that incorporates agency costs due to both creditor-shareholder and management-shareholder conflicts
His model has implications for the distribution of firms within an industry in equilibrium. Which of the following statements correctly describes Williams' depiction of industry equilibrium? a. Each industry has a core of large, profitable, secure, capital-intensive firms, each with at least some external debt, and a competitive fringe of small, marginally profitable or unprofitable, risky, labor-intensive firms. b. All firms in an industry will ultimately be large, labor-intensive firms with large proportions of debt in their capital structures. c. All firms in an industry will ultimately be small, capital-intensive firms with no debt. d. All firms in an industry will ultimately be large, capital-intensive firms with large proportions of debt in their capital structures.
Tyson (48 years old) owns a traditional IRA with a current balance of $50,000. The balance consists of $30,000 of deductible contributions and $20,000 of account earnings. Tyson's marginal tax rate is 25 percent. Convinced that his marginal tax rate will increase in the future, Tyson receives a distribution of the entire $50,000 balance of his traditional IRA. He retains $12,500 to pay tax on the distribution and he contributes $37,500 to a Roth IRA. What amount of income tax and penalty must Tyson pay on this series of transactions?
A. $12,500 income tax; $5,000 penalty. B. $0 income tax; $0 penalty. C. $12,500 income tax; $1,250 penalty. D. $12,500 income tax; $3,000 penalty.