Briefly discuss mixed economies.
What will be an ideal response?
Answers will vary.A pure planned economy would not create enough value to support its people over the long term. Instead, most of today's nations havemixed economies, falling somewhere along a spectrum that ranges from pure planned at one extreme to pure market at the other. Over the past 30 years, most economies of the world have begun moving toward the market end of the spectrum. Government-owned businesses have converted to private ownership via a process calledprivatization. Socialist governments have reduced red tape, cracked down on corruption, and created new laws to protect economic rights. Extravagant human services-from free healthcare to education subsidies-have shrunk. And far-reaching tax reform has created new incentives for both domestic and foreign investment in once-stagnant planned economies.
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List the four techniques a salesperson can use to induce customer participation in a sales presentation.
What will be an ideal response?
Elaborate on the role of a public relations specialist
What will be an ideal response?
Business and business transactions are simplified through a part of statutory law that is known as the ___________________________________.
Fill in the blank(s) with the appropriate word(s).
Two years ago, Tom contributed investment land with a basis of $50,000 and an FMV of $62,000 to the RST Partnership. This year, Tom has a basis in his partnership interest of $53,000 when he receives a current distribution of $14,000 cash and inventory with a basis of $35,000 and an FMV of $52,000. (There is no Sec. 751 exchange in connection with the inventory distribution.) The partnership
continues to hold the land Tom contributed. How much gain (if any) must Tom recognize as a result of this distribution? What will be an ideal response?