Are the actions undertaken by the companies or individuals in the following scenarios legal or illegal pursuant to U.S. law? Please explain each of your answers. Scenario A birthday card and bottle of California wine sent annually by Woody Pulp, the
chief executive officer of Pacific Paper Products, Inc, a U.S. corporation, to his long-standing friend who is the Director of Government Procurement for the Japanese government.
Legal. The chief executive officer's birthday gift lacks corrupt intent (knowledge that the act was done for an illicit purpose) and was not made with the intent to obtain or retain business.
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One important tax rule concerning capital losses is that
A) capital losses are always fully deductible. B) a maximum of $3,000 of losses in excess of capital gains can be written off against ordinary income in any one year. C) a maximum of $10,000 of losses in excess of capital gains can be written off against other income in any one year. D) capital losses are never deductible.
Presumably, a company should start with three levels of goals: (a) easily attainable, (b) most desirable, and (c) optimistic
Indicate whether the statement is true or false
A party to a sales contract may demand at any time that the other party provide adequate assurance of performance
Answer the following statement(s) true (T) or false (F)
People with an internal locus of control believe they control their own destiny
Indicate whether the statement is true or false