The Requirements for an Effective Vision Include All but One

question 27

Multiple Choice

The requirements for an effective vision include all but one of the following:

• A) Developed by leaders
• B) Shared and supported by followers
• C) Comprehensive and detailed
• D) Uplifting and inspiring
• E) Competitive advantage

---

Definitions:

Short-term Capital Loss

A loss realized from the sale or exchange of a capital asset held for one year or less.

Long-term Capital Gain

Profit from the sale of an asset held for more than one year, typically taxed at a lower rate than regular income.

Section 1245

A section of the tax code that involves recapturing depreciation on certain types of property as ordinary income upon sale.

Section 1231 Gain

A gain from the sale or exchange of property used in a business, subject to favorable tax treatment under Section 1231 of the U.S. tax code.