A State Tax Levied on the Right of an Heir

question 59

Multiple Choice

A state tax levied on the right of an heir to receive all or part of the estate and life insurance proceeds of a deceased person is called a(n) ____________ tax.

• A) estate income
• B) trust income
• C) inheritance
• D) gift
• E) estate

Analyze selling and administrative expenses within budgeting contexts.

Comprehend the calculation and implications of spending variances for specific cost categories.

Assess the impact of occupancy, facility, and supplies expenses on flexible budgets.

Evaluate revenue and expense variances in comparing actual results to budgeted figures.

---

Definitions:

Professional Bureaucracy

An organizational structure that relies heavily on the expertise and professionalism of its members rather than on strict hierarchies or rules.

Horizontal Specialization

A division of labor where tasks are divided among employees at the same level within an organization, based on skills or expertise.

Mechanistic Structure

A mechanistic structure in an organization is characterized by rigid hierarchy, high levels of formalization, and centralized decision making.

Organic Structure

A flexible and decentralized organizational structure, characterized by low levels of formalization and high levels of employee autonomy, aimed at fostering innovation and adaptability.