Glen Owns a Building That Is Used in Business

question 2171

Multiple Choice

Glen owns a building that is used in business. The building is worth $200,000, but is subject to a mortgage of $40,000. Glen's basis in the building is $120,000. Glen exchanges the building for investment land worth
$150,000 plus $10,000 cash. In addition, the other party assumes the mortgage which will be held for investment. Glen must recognize a gain of

• A) $10,000.
• B) $80,000.
• C) $50,000.
• D) $0.

Appreciate the role of genetics in shaping personality traits and psychological conditions.

Identify the genetic basis of specific behavioral and psychological traits.

Differentiate between shared and nonshared environmental effects.

Understand the role of evolutionary psychology in explaining human behavior.

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Definitions:

Sales Promotion

Marketing activities that aim to increase sales in the short-term by offering incentives or discounts to consumers or resellers.

Cost Per Contact

A metric that measures the average expense incurred by a company to make a single contact with a potential or current customer, often used in marketing and advertising.

Personal Selling

A sales method involving direct interaction between salespeople and individual customers to persuade the customer to make a purchase.

Advertising

The act of promoting products, services, or brands through various media channels to inform, attract and engage potential customers.