Match the term with the entity to which it applies.

A. Not a separate entity
B. Separate entity that never pays income taxes
C. Owner basis adjusted for liabilities
D. Dividends-received deduction
E. Double taxation
F. Losses flow-through limited to basis plus the amount of any direct loans


A. Sole proprietorship
B. Partnership
C. Partnership
D. Corporation
E. Corporation
F. S corporation

Business

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A merchant middleman who is engaged primarily in selling to ultimate consumers is referred to as broker

Indicate whether the statement is true or false

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Which one of the following statements is correct?

a. Cookies always contain encrypted data. b. Cookies are text files and never contain encrypted data. c. Cookies contain the URLs of sites visited by the user. d. Web browsers cannot function without cookies.

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The first step in the SDLC is to develop a systems strategy

Indicate whether the statement is true or false

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Of the following, which sales job requires the LEAST creative selling?

A) order getter B) order taker C) team selling member D) new-business salesperson E) missionary salesperson

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