Match the Following Statements with the Best Match from the Following

question 93

Multiple Choice

Match the following statements with the best match from the following choices. Choice M may be used more than once.
-Unstated goodwill

• A)Includes the partner's share of partnership liabilities.
• B)Could result from sale of a partnership interest for more than the partner's share of the inside basis of assets.
• C)Liquidation payments from this type of partnership are always § 736b) payments.
• D)Could arise if a distribution results in loss to the distributee partner.
• E)May be a § 736a) payment.
• F)May receive § 736a) payments.
• G)Probably treated as a general partner for § 736 purposes
• H)Conversion of an LLC to a C corporation
• I)Liquidation payments from this type of partnership may include § 736a) payments.
• J)A § 736b) payment.
• K)Adjustment designed to bring inside and outside bases into balance.
• L)Partnership asset basis is at least $250,000 > FMV.
• M)No correct match is provided.

Understand the functions involved in human resources management including testing and selection.

Distinguish between job descriptions, specifications, analysis, and other job-related documentation.

Understand the significance and methods of employee training and development.

Recognize the benefits of internal over external recruitment.

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Definitions:

BFOQ

Bona Fide Occupational Qualification refers to a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be illegal.

Discriminate Against

Unfair treatment of a person or group based on preconceived judgments or characteristics.

Employment Law

The body of law that governs the rights and duties between employers and workers and regulates the working environment.

Equal Opportunities

Policies and practices designed to ensure that individuals are treated fairly and equitably, without discrimination based on characteristics such as race, gender, disability, or age.