Which of the Following Is Correct with Regard to the Issue

question 164

Multiple Choice

Which of the following is correct with regard to the issue of where new ideas for a business come from?

• A) The most important source of ideas for a new venture arise as the result of a conscious search for new venture ideas.
• B) About half of all new venture ideas come from insights gained or skills learned at a previous job.
• C) Personal hobbies or interests are the most important source of ideas for a new venture.
• D) Suggestions from family members are an important (but not the most important) factor in coming up with new venture ideas.
• E) There is no particular pattern in the development of ideas for a new venture.

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Definitions:

Passive Income

Income earned from rental property, limited partnerships, or other enterprises in which a person is not actively involved.

Foreign Tax Credit

A nonrefundable tax credit for income taxes paid to a foreign government as a result of foreign income tax withholdings.

Taxable Income

The portion of an individual's or a corporation's income that is subject to taxation by the government after deductions and exemptions.

Foreign Income Taxes

Taxes levied by a foreign country on income earned within its jurisdiction, which can sometimes be credited against domestic taxes in the taxpayer's home country.