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:

Transformational Leaders

Leaders who inspire and motivate their followers to exceed their own interests for the sake of the organization and foster significant change.

Strategic Vision

A clear and inspiring long-term plan that outlines what an organization wants to achieve in the future and guides its decision-making processes.

Superordinate Goal

A shared goal that requires the cooperation of two or more groups or individuals, fostering collaboration and reducing conflict.

Transformational Leaders

Leaders who inspire and motivate followers to transcend their self-interests for the sake of the organization and can instigate significant changes.