Tanisha Buys a Sculpture from a Collector for Resale in Her

question 96

Multiple Choice

Tanisha buys a sculpture from a collector for resale in her gallery for $8,400.She sold it 15 months later for $12,500.What are the nature and amount of the gain on the sale of the sculpture?

• A)$4,100 Section 1245 gain.
• B)$4,100 ordinary income.
• C)$4,100 Section 1231 gain.
• D)$4,100 gain subject to 28% collectibles tax rate.

Identify techniques that facilitate equal participation and reduce hierarchical barriers in problem-solving within groups.

Describe the role of divergent thinking in creative problem solving.

Explain the concept and importance of collaborative decision-making and the principles that support effective collaboration.

List and understand the guidelines for effective brainstorming.

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Definitions:

Consensus Cues

Signals or indications that members of a group or audience are in general agreement about a particular idea or opinion.

Contrast Effect

Describes the enhancement or diminishment of perception, judgment, or behavior as a result of exposure to a contrasting reference point.

Selection

The process of choosing the most suitable candidate for a specific job or organizational role based on criteria such as skills, experience, and fit.

Recruitment

The process of attracting, selecting, and appointing suitable candidates for jobs within an organization to fill job vacancies.