Citibank has one group of loan officers who handle consumer loans and another group who work in the commercial loan area. Grouping work units this way is known as departmentalization by
A. function.
B. customer.
C. product.
D. specialty.
E. location.
Answer: B
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Fill in the blank(s) with correct word
A bequest is
A) a formal search for the deceased's assets. B) a state-mandated distribution of one's property. C) also termed a legacy. D) the same as a per capita distribution of property.
Mary Weatherall was a tenant in the Yorktown Townhome complex. She fell on the ice and snow accumulated outside her leased apartment and fractured her ankle. Which of the following statements is correct about these circumstances?
A) Landlords are not liable for the conditions of common areas in leased premises. B) Landlords have liability for injuries caused by the failure to maintain common areas. C) Landlords are not liable for snow and ice injuries in common areas. D) Tenants have responsibility for clean-up and maintenance of common areas.
Under the cash method of accounting, all of the following are true with the exception of:
A) Fixed assets are always expensed as the taxpayer pays for the assets. B) Gross income includes the value of property received. C) To some extent, a taxpayer may control the year in which an expense is deductible by choosing when to make the payment. D) Income is reported in the tax year in which payments are actually or constructively received.