Anita owns Activity A, which produces active income, and Activity B, which produces losses. From a tax planning perspective, Anita will be better off if Activity B is a passive activity.
Answer the following statement true (T) or false (F)
False
Rationale: Passive activity losses of individuals cannot be used to offset active income. As a result, Anita would prefer Activity B to be active.
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Which statement identities the best strategy for dealing with customer complaints?
A. You cannot fix what you do not know is broken. Ask for customer input and act upon it. B. Browse company blogs and websites and remove any negative posting or customer complaints. C. Organizations should always hesitate to ask for feedback because it will likely not be good. D. Customers who have complained are likely lost to your organization, so cut your losses and ignore them.
The purchasing manager at Folding Squid Technologies has responsibility for reviewing and authorizing purchase orders. Receiving reports are prepared by shipping and receiving based on the relevant purchase order(s). Purchase orders, receiving reports, and vendor invoices are reconciled by accounts payable, which authorizes payment. Which of the following would correct control weaknesses, if any, related to these activities?
A) Vendor invoices should be reviewed by the purchasing manager to ensure that they are correct. B) Accounts payable should authorize purchase orders. C) Receiving reports should be reviewed and corrected by the purchasing manager. D) Controls are adequate under the current system.
Credit scores can dictate whether you will be granted credit and at what interest rates
a. True b. False
A channel consisting of one or more independent producers, wholesalers, or retailers each seeking to maximize its own profitseven at the expense of profits for the channel as a wholeis a(n) ________.
A) vertical marketing system B) conventional distribution channel C) independent channel allocation D) corporate VMS E) administered vertical marketing system