One of the Criteria to Be Satisfied in Order for a Business

question 110

Multiple Choice

One of the criteria to be satisfied in order for a business to deduct an expense is that the expense be "necessary." In applying this standard,case law has determined that necessary means

• A)indispensable if the business is to succeed.
• B)mandated by law.
• C)appropriate and helpful to the business.
• D)none of the above.

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Definitions:

HR Competencies

Refers to specific knowledge, skills, and abilities required for human resource professionals to effectively contribute to organizational success.

Business Strategy

A plan of action designed to achieve a specific set of objectives and gain a competitive advantage.

Perception Barrier

An obstacle in communication arising from misunderstandings or differences in viewpoints, backgrounds, or personality.

Attitude Barrier

A psychological or emotional obstacle that hinders effective communication and interaction among individuals in an organization.