Raymond Ozzie,the Software Designer Who Was Critical in the Development

question 47

Multiple Choice

Raymond Ozzie,the software designer who was critical in the development of Lotus Notes,was able to dictate the terms under which IBM acquired Lotus.This illustrates that he had ________ bargaining power based on the ________ cost required by the firm to replace him.

• A) low; low
• B) low; high
• C) high; low
• D) high; high

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Definitions:

Itemized Deduction

Deductions that taxpayers can claim for certain personal expenses, instead of taking a standard deduction. These can include expenses for healthcare, taxes, interest, and gifts to charity.

Foreign Tax Credit

A nonrefundable tax credit for income taxes paid to a foreign government, aimed at reducing double taxation.

Qualified Adoption Expenses

include necessary costs directly related to and for the principal purpose of the legal adoption of a child, which under certain circumstances, can be tax deductible.

Adoption Credit

A tax credit that offsets qualified adoption expenses, making adoption financially feasible for more families.