Henry Ford is well known to business students for creating the assembly line that enabled mass production of the Model T. This is an example of the ________ orientation.
A. selling
B. production
C. customer
D. marketing
E. relationship
Answer: B
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Sonia's car was completely destroyed in an accident that was her fault. Her loss was $8,500 and her insurance company reimbursed her $6,500. What amount of casualty loss can Sonia claim on her return (before deduction limitations)?
A. $6,500 B. $2,000 C. $0 D. $8,500
Altruistic service behaviors are not observed in ______.
A. mentoring B. self-promoting C. empowering D. team building
National banks acting as lenders are subject to state usury laws
a. True b. False Indicate whether the statement is true or false
JK Partnership earns $30 million of non-interest ordinary income. The partnership incurs $12 million of interest expense. Jen and Kai are each 50% partners, sharing all partnership items equally. Assume no taxpayer qualifies for the small business exception. The partnership's ordinary income, after taking interest expense into account, will be
A) $18 million. B) $21 million. C) $24 million. D) $30 million.