Forming a bond with a customer implies that the sales representative builds an emotional relationship with the customer
Indicate whether the statement is true or false.
Answer: TRUE
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The principle of federalism divides the authority to govern between two sovereigns or supreme lawmakers
Indicate whether the statement is true or false
Which of the following is implied by the pooling of losses?
A) sharing of losses by an entire group B) inability to predict losses with any degree of accuracy C) substitution of actual loss for average loss D) increase of objective risk
Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $56,560 per month plus $2,618 per flight plus $5 per passenger. The company expected its activity in February to be 63 flights and 254 passengers, but the actual activity was 62 flights and 255 passengers. The actual cost for plane operating costs in February was $218,820. The plane operating costs in the planning budget for February would be closest to:
A. $222,349 B. $220,151 C. $218,820 D. $222,764
Which of the following statements concerning the credit for child and dependent care expenses is not correct?
a. A taxpayer is not allowed both an exclusion from income and the credit for child and dependent care expenses on the same amount. b. A taxpayer is not allowed both a deduction as a medical expense and the credit for child and dependent care expenses on the same amount. c. If a taxpayer's adjusted gross income exceeds $43,000, the rate for the credit for child and dependent care expenses is 20%. d. If a taxpayer's adjusted gross income exceeds $15,000 but is not over $17,000, the rate for the credit for child and dependent care expenses is 35%. e. All of the above statements are correct.