Which of the Following Expenditures Would Not Be Deductible as a Business

question 6

Multiple Choice

Which of the following expenditures would not be deductible as a business expense?

• A)Costs of holding a business training session at a local hotel
• B)The fare for flying business class to an overseas meeting
• C)Paying the interest on a loan for the owner's grandfather
• D)Paying the owner's 17 year old son a salary of $9 per hour for cleaning and janitor services

Recognize the importance of training and developing employees to enhance their skills and attitudes.

Explain the resource-based view of human resources and its implications for strategic HRM.

Identify barriers to effective human resource planning and strategies to overcome them.

Discuss the role of human resources in providing organizations with a competitive edge.

---

Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant changes in agriculture, manufacturing, mining, transportation, and technology, which had a profound effect on the socioeconomic and cultural conditions of the times.

Private Enterprise System

A system where private individuals or groups own and operate businesses with minimal government intervention, emphasizing profit and free market principles.

Invisible Hand

A term introduced by Adam Smith to describe the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through their personal gain.

Global Aviation

The sector that encompasses all aspects of airline operations, airport management, and regulations governing international air travel, connecting the world through flight.