In the Twenty-First Century,managers Should Expect ________ Change in the Business

question 58

Multiple Choice

In the twenty-first century,managers should expect ________ change in the business environment.

• A) constant and dramatic
• B) little
• C) no fundamental
• D) only positive

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Definitions:

Taxpayer

An individual or entity legally obligated to pay taxes to a governmental authority, such as the IRS.

Section 1231

A tax provision that allows for the favorable tax treatment of gains on the sale or exchange of certain types of property used in a business.

Trade or Business

An activity carried out for the purpose of earning income or profit, involving regularity and continuity in operations.

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.