Case-Based Critical Thinking Questions Case 1-1 Sarah Is a Very

question 92

Multiple Choice

Case-Based Critical Thinking Questions Case 1-1 Sarah is a very active real estate agent. She is looking to purchase a new computer and software so she can keep track of her client's accounts, access the Internet from anywhere in the city, and touch-up photos of real estate properties. What kind of computer would most likely fit Sarah's needs?

• A) midrange server
• B) embedded
• C) notebook
• D) docking station

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Definitions:

Double Taxation

Double Taxation is a tax principle referring to income taxes being paid twice on the same source of earned income. It can occur when income is taxed at both the corporate level and personal level, or in two different countries.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders; it has rights and liabilities independent of those owners and can enter into contracts, sue, and be sued.

Sole Proprietorships

A business structure where a single individual owns and operates the business, bearing full responsibility for its debts and obligations.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.