An illusory promise is valid consideration
a. True
b. False
Indicate whether the statement is true or false
False
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Comfort Shoes received a promissory note from a customer on April 1, 2014 . The face amount of the note is $2,000; the terms are 12 months and 8% annual interest. How much total interest revenue will Comfort Shoes recognize for the year ended December 31, 2014?
a. $ 40 b. $ 107 c. $ 120 d. $ 160
Which approaches should an organization adopt for managing uncertainty in a simple and stable environment?
A. centralized and organic approach, with direct supervision B. decentralized and bureaucratic approach, with standardized skills C. centralized and organic approach, with mutual adjustment D. centralized and bureaucratic approach, with standardized work processes E. decentralized and organic approach, with mutual adjustment
Service jobs are high in emotional labor.
Answer the following statement true (T) or false (F)
Employers can provide numerous benefits to their employees and the employees are permitted to exclude the value of these benefits from gross income. What are the effects of the exclusions on:
a. The progressiveness of the tax system? b. The complexity of the tax system?