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Kendra owns a home in Atlanta.Her company transfers her to Chicago on January 2,2016,and she sells the Atlanta house in early February 2016.She purchases a residence in Chicago on February 3,2016.On December 15,2016,Kendra's company transfers her to Los Angeles.In January 2017,she sells the Chicago residence and purchases a residence in Los Angeles.Because multiple sales have occurred within a two-year period,§ 121 treatment does not apply to the sale of the second home.
Contingency
An event or condition that is possible but cannot be predicted with certainty, often requiring flexible planning and response strategies.
Mechanistic Organisational Design
A highly structured and formal organisational structure, characterized by clear hierarchies, rigid departmentalization, and strict procedural guidelines.
Organic Design
An approach to designing systems or structures in a way that is natural, adaptable, and capable of evolving over time.
Ethics
Sets standards as to what is good or bad, or right or wrong in a person’s conduct.
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