Disability income insurance replaces income that cannot be earned while a person is disabled according to the contract's definition of disability
Indicate whether the statement is true or false
TRUE
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Manufacturers may prefer to sell their closeouts, canceled orders, and out-of-season merchandise to factory outlets rather than off-price chains because _____
a. off-price chains can generate high profit margins b. off-price chains have too much power c. factory outlets generate low short-term cash flow d. greater control results in less disturbance to traditional channels
Which of the following statements regarding aggregate planning in services is FALSE?
A) Approaches to aggregate planning differ by the type of service provided. B) Some service organizations conduct aggregate planning in exactly the same way as manufacturing firms, but with demand management taking a more active role. C) Aggregate planning in some service industries may be easier than in manufacturing. D) Labor is the primary aggregate planning vehicle. E) Level scheduling is far more common than using a chase strategy.
Recessions associated with a banking crisis tend to be more severe than other recessions because many businesses rely on credit to operate
Indicate whether the statement is true or false
Mary inherits an interest in Laser Partnership from her Aunt Lillian during 2017 . The fair market value of the interest as of the primary valuation date is $28,000 . Aunt Lillian's adjusted basis was $16,000 . What is Mary's initial basis and holding period in the partnership interest if she sells the interest seven months after inheriting it?
a. $16,000, short-term. b. $16,000, long-term. c. $28,000, short-term. d. $28,000, long-term. e. Both depend on whether it is sold at a gain or a loss.