The personal holding company tax might be imposed
A) on both partnerships and corporations.
B) on companies whose gross income arises solely from rentals, if the lessors render no services to the lessees.
C) if more than 50% of the company is owned by five or fewer individuals for the entire year.
D) on small business investment companies licensed by the Small Business Administration.
C) if more than 50% of the company is owned by five or fewer individuals for the entire year.
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Which of the following types of customers generally have the lowest customer history?
A) new customers B) captive customers C) loyal customers D) unprofitable customers E) repeat customers
A credit sale is made to a customer, even though the customer's account is four months overdue. Describe a specific internal control procedure that would prevent this from happening
In the critical industrial relations school, the primary aim of labor unions should be to:
A. Bargain better wages, hours and working conditions. B. Improve human resource management practices. C. Replace capitalism with socialism. D. Do nothing; there is no useful role for unions in the critical industrial relations school.
Strict scrutiny is used when a government activity classifies people based on their belonging to a suspect class
Indicate whether the statement is true or false