IVillageCom Is an Independent Web Community for Women and Includes

question 78

Multiple Choice

IVillage.com is an independent Web community for women and includes topics such as career management,personal finances,parenting,relationships,beauty and health.This describes one example of why consumers shop and buy online,which is __________.

• A)control
• B)customization
• C)convenience
• D)choice
• E)communication

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Definitions:

Corporation

A legal entity recognized by law as separate from its owners, capable of holding assets, incurring liabilities, and conducting business.

FMV

Fair Market Value (FMV) refers to the price at which an asset would sell in the marketplace under conditions where both buyer and seller have reasonable knowledge of the asset and are willing to trade without external pressures.

Basis

Basis is the amount of investment in property for tax purposes, used to calculate gain or loss on a sale or other disposition of the property.

Capital Gain

Profit from the sale of property or an investment when the selling price exceeds the purchase price.