What represents a credit to the investment income account of the balance of payments?
What will be an ideal response?
Answer: The investment income account of the balance of payments is a sub-account of the current account. It records the dividend and interest receipts that domestic residents receive as income from their ownership of foreign assets. These flows are credits.
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In a meeting to discuss pension plans, management decides to offer retirement plans exclusively to the organization's owners and top managers. Jeremy, one of the top managers, disagrees with this decision because he believes the company can benefit more by providing pensions to a broad range of employees. Which statement strengthens Jeremy's belief?
A. Pension plans are determined exclusively by state and federal laws. B. Extending pension plans to employees at all levels will triple the costs. C. The ADEA provides more favorable tax treatment of benefits when they are offered to a broad range of employees. D. A top-heavy plan requires faster vesting for non-key employees. E. Nondiscrimination rules provide tax benefits to plans that do not favor the organization's highly compensated employees.
Compare and contrast the three types of feedback seekers in terms of their potential goals in receiving feedback.
What will be an ideal response?
The alter-ego theory can be applied to a corporation but not to a limited liability company.?
Indicate whether the statement is true or false
Which of the following is NOT a basis for involuntary dissolution?
A) By the Secretary of State, if it is established that the corporation failed to pay its franchise tax B) By a shareholder, if the directors are deadlocked and the shareholders cannot break the deadlock C) By the shareholders, if they dissent to a merger and are asserting their appraisal rights D) None of these