Techniques That Can Be Used to Minimize the Current Period

question 25

Multiple Choice

Techniques that can be used to minimize the current period tax liability include:

• A) Recognizing the interaction between the regular income tax liability and the alternative minimum tax liability.
• B) Utilizing special allocations.
• C) Having favorable treatment of certain fringe benefits.
• D) Minimizing double taxation.
• E) All of these can be used for effective tax planning.

Identify and understand the key considerations and challenges in conducting a situation analysis.

Understand the concept of generic competition and its examples.

Describe the role and activities of corporate affairs in the analysis of the external environment.

Define data and distinguish it from information, analysis, and insights.

---

Definitions:

Organization Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Internal Structure

Internal structure refers to the way in which an organization or system is arranged internally, encompassing the relationships between different components and how they are organized to function cohesively.

Division

A distinct operational unit within an organization, typically with its own strategy, resources, and objectives, often aligned by products, services, or markets.

Specialized Function

A specific task or role requiring a particular set of skills or expertise, often within a professional or technical domain.