Tom's business has environmental databases that are readily available and cost-effective, but his vice president of operations thinks they need to develop a database for a new project. What would you advise them to do to make it the simplest, easiest, and most effective way to have that needed database?
A. Purchase it.
B. License it from others.
C. Patent it.
D. Acquire the owner of the technology.
E. Form a joint venture.
Answer: A
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What will be an ideal response?
Andrea transferred $500,000 of stock to a trust, with income to be paid to her niece for 20 years (value $125,000) and the remainder to be paid to her nephew (value $375,000). Andrea named a bank as independent trustee but retained the power to determine how much income, if any, will be paid in any particular year. What is the amount of the taxable gift, if any? Explain your answer.
What will be an ideal response?
A corporate culture of constant change and small improvements is known as:
A. Job control unionism B. Scientific management C. Continuous process improvement D. Functional specialization