Lenders always accept applications for credit.False
Credit tends to cost individuals more than paying in cash.
True
Credit cards all use the same interest and finance charges.
False
One advantage of credit is that it can give you a “float” time between buying the product and when you need to pay for it.
True
Answer:
Moral Motivation
Explanation:
According to my research on Rest's four-component Model of Morality, I can say that based on the information provided within the question this refers to Moral Motivation. Like mentioned in the question this term refers to an individual's desire to make decisions related to their own self-interest based on correct ethical values. Which is what is being described in the question.
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The new product development approach is intuit using the customer-centered new product development. It is defined as when the companies directly engage their customers. They will go out to the customer and ask questions and receive customer opinions. Chang Wook goes out to job sites and talks to workers. This approach has twice the return on assets and triples the growth than if you didn’t do the research
Answer:
A) Gift loans of $14,000 in which interest foregone is in the form of a gift.
Explanation:
You are free to give anyone any type of gift that is worth up to $14,000, this includes gifts in cash, assets (e.g. car) or gift loans. Any gift above that threshold will result in taxes paid by the person that receives the gift.
The IRS defines gift loans under Section 7872(f)(3) as:
<em>“The term “gift loan” is any below-market loan where the forgoing of interest is in the nature of a gift.”</em>
As long as the forgone interest doesn't exceed $14,000, then no taxes should be paid.
