New Developments in Information Technology Have

question 76

Multiple Choice

New developments in information technology have

• A) had little effect on business location decisions.
• B) given firms even greater flexibility in their location decisions.
• C) caused a movement of firms back to urban areas where access to this technology is greatest.
• D) reduced the impact government policies have on location decisions.

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Definitions:

Business Auto

A vehicle owned by a company and used for business operations, which can include transportation of goods, services, or employees.

Adjusted Basis

The original cost of a property adjusted for factors such as depreciation or improvements, used in calculating capital gains or losses for tax purposes.

Wash Sale

A tax term referring to the sale of a security at a loss and the repurchase of the same, or substantially the same, security shortly before or after, which disallows the claim of the loss for tax purposes.

Substantially Identical

Refers to property or securities that are nearly the same, often used in tax rules concerning wash sales.