The Late 1990s Brought the "Dot Com" Bubble and the Rush

question 29

Multiple Choice

The late 1990s brought the "dot com" bubble and the rush of the ____ community to position itself for what appeared to be a new way of doing business. ​

• A)venture capital
• B)technology
• C)knowledge
• D)educational
• E)global

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Definitions:

Alternative Minimum Tax

A parallel tax system designed to ensure that individuals and corporations that benefit from certain exemptions, deductions, or credits pay at least a minimum amount of tax.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued.

AMT Income

Income calculated for the Alternative Minimum Tax, which ensures high-income earners pay a minimum amount of tax.

Subchapter S Status

A tax status elected by qualifying small businesses where income, losses, deductions, and credits flow through to the shareholders, preventing double taxation.