George Stigler is a known American economist and according to his theory the Consumer theory, he quoted that <span>“if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises.” This means that when consumers do not purchase a certain product even if their incomes increases, that is considered normal, but when the product increases in value, we can expect that these consumers will buy less of the product.</span>
Answer:
a. long-term capital gain.
Explanation:
A 1031 exchange allows investors to delay paying taxes when they swap like-kind properties. The basis of this property will start on January 1, 2019, the date the first property was acquired. If the investor sold the property on February 1, 2020, more than a year passed, so this should be taxed as a long term capital gain.
Answer: A. Civil case
Explanation:
- The court cases that associate disputes between persons or businesses over funds or some incident to private rights are known as civil cases.
- It starts by one party (business or a person) known as "plaintiff" claims to have been harmed by the actions of another party (person or business) known as the "defendant".
Hence, the lawsuit occurs if an employee decides to file a lawsuit against a company is "Civil case".
Hence, the correct option is "A".
Answer:
C) violated the Sixth Amendment right to a jury trial.
Explanation:
Federal Sentencing Guidelines should be guided by the following principles:
- The court should order the organization to remedy any harm caused.
- If the primary purpose of the organization was to commit crimes, then the court should set a fine that strips away all the assets from the organization.
- The court should set fines based on how serious the offenses were and the degree of culpability of the organization.
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The court can impose a probation sentence if it believes that the organization will take steps to reduce the likelihood of future criminal conduct.
The sentencing guidelines should offer incentives for organizations to eliminate criminal conduct.
