Qualifications for a Good Manager of an Overseas Operation Should

question 96

Multiple Choice

Qualifications for a good manager of an overseas operation should include:

• A) all of B, C, and D.
• B) being bicultural and bilingual.
• C) knowing business practices in the home and host countries.
• D)having more and different skills than domestic managers.
• E) two of B, C, and D.

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Definitions:

Donee's Basis

The value assigned to a gift or inherited property for the purpose of determining gain or loss when the property is sold by the recipient.

FMV

The estimated sales price of an asset in the marketplace where both buyer and seller are informed and willing.

Code Sections 1245

Refers to a section of the U.S. Internal Revenue Code that deals with the recapture of depreciation upon the sale of certain types of business property.

Recapture Provisions

Regulations that allow the government to collect taxes on previously deducted or credited investment income when certain assets are sold or disposed of.