Answer:
Option "3" is the correct answer.
Explanation:
Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.
A company divides its production into several separate tasks, with different people performing each task. This company uses division of labor. Division of labor is breaking up and assigning different parts of the manufacturing process or different tasks within the work flow to different people. Based on studies, it’s been proven that by dividing the labor in a business there are higher rates of efficiency. Each division specializes in their work areas and become subject experts.
Answer:
Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official
Explanation:
Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.
Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.
Answer:
Sam must report $700,000 distribution from Silver on his Income report.
Explanation:
The sale of the land is made by the corporation and the corporation is a tax payer therefore any gains and losses are for the company to pay tax on.
The deficits in the E&P are for Silver to take into account when about to pay taxes.
The basis of $200,000 is not income but cost and subtracted on the distribution income as is for Sam.