Which One of the Following Is a Capital Asset

question 29

Multiple Choice

Which one of the following is a capital asset?

• A)automobile held by car dealer for sale
• B)automobile used for personal purposes
• C)automobile used in taxpayer's trade or business
• D)B and C only

Describe the principles of contingency thinking and its application in management.

Understand the concept of total quality management (TQM) and its principles.

Know various quantitative approaches for inventory control, cost minimization, and demand forecasting.

Comprehend the importance of matching managerial styles and approaches to specific situations in contingency theories.

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Definitions:

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.

Wholesalers

Companies that sell merchandise to other businesses rather than to the public.

Credit Terms

Terms for payment on account by the buyer to the seller.