Classify Each of the Following Statements

question 2

Multiple Choice

Classify each of the following statements.
-Homer purchases a U.S. savings bond listing title as: "Homer, payable to Bernice upon Homer's death." Bernice is Homer's sister. Homer dies four years later, and Bernice cashes in the bond and keeps the proceeds.

• A)No taxable transfer occurs.
• B)Gift tax applies.
• C)Estate tax applies.

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Definitions:

Role Overload

The stress and pressure that occur when an individual is expected to fulfill too many roles or tasks beyond their capacity.

Downsizing Effort

The process of reducing a company's workforce to improve its efficiency and reduce costs.

Highly Skilled

Describes workers who possess a high level of expertise, training, or experience in their respective fields or professions.

Role Ambiguity

A situation in which an employee lacks clear understanding about job responsibilities, expectations, and the scope of their role, often leading to stress and decreased job performance.