Octet Corporation Placed a Small Storage Building in Service in 2000.Octet's

question 111

Multiple Choice

Octet Corporation placed a small storage building in service in 2000.Octet's original cost for the building is $800,000 and the cost recovery deductions are $300,000.This year the building is sold for $1,100,000.The amount and character of the gain are

• A)Ordinary gain of $60,000 and Sec.1231 gain of $540,000.
• B)Ordinary gain of $300,000 and Sec.1231 gain of $300,000.
• C)Ordinary gain of $600,000.
• D)Sec.1231 gain of $600,000.

Explain the importance of observational learning in behavior acquisition.

Grasp the concept of latent learning and how skills can remain unused until needed.

Understand Bandura's theory on how children engage with learned behaviors.

Identify the purpose and impact of schemes in guiding behavior and cognitive development according to Piaget.

---

Definitions:

National Saving

The total amount saved by a nation's households and businesses, plus government budget surplus, which can be used for investment.

Open-Economy Macroeconomic Model

A model that analyzes an economy that engages in international trade, considering the impact of exports, imports, and capital flows.

Tariffs

Tariffs are taxes imposed by a government on imported goods and services to protect domestic industries, raise revenue, or influence trade balance.

Net Exports

The value of a country's exports minus the value of its imports, a key component in calculating a nation's GDP.