_______________are presentations that involve “winging” it or speaking off the cuff.
a. Underprepared
b. Impromptu
c. Informal
d. Formal
b. Impromptu
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Which type of store carries several product lines across multiple categories?
A) convenience B) department C) specialty D) wholesaler E) category killer
The board of directors is typically responsible for ________
A) approving strategic goals and plans B) managing day-to-day operations C) arranging finance for approved long-term investments D) maintaining and controlling the firm's daily cash balances
Constructive eviction would result in a discharge of any obligation to pay rent if:
A) proper notice is given to the landlord. B) the tenant abandons the apartment. C) the tenant fixes the problem. D) he serves the landlord with a court order.
Bob and Elizabeth Brown, a married couple, sell their personal residence to Tamel. Tamel pays $660,000 and assumes their $90,000 mortgage. To make the sale, the Browns pay $20,000 in commissions and $10,000 in legal costs. The couple has owned and lived in the house for seven years and their tax basis is $200,000. What is the amount of gain recognized on the sale?
A) $0 B) $20,000 C) $50,000 D) $520,000