Classify Each of the Following Statements

question 2

Multiple Choice

Classify each of the following statements.
-Homer purchases a U.S. savings bond listing title as: "Homer, payable to Bernice upon Homer's death." Bernice is Homer's sister. Homer dies four years later, and Bernice cashes in the bond and keeps the proceeds.

• A)No taxable transfer occurs.
• B)Gift tax applies.
• C)Estate tax applies.

---

Definitions:

Technical Products

Goods or services that require specific technical knowledge or expertise, often related to technology or engineering fields.

Formula Presentation Method

A structured approach to sales presentations that follows a set pattern or formula.

Canned Sales Presentation

A pre-prepared sales pitch intended to be applicable in a wide range of sales situations.

Canned Sales Presentation

a pre-scripted, standardized pitch given by salespeople that does not change in content, intended to deliver consistent messages across various customer interactions.