In the Year of Death, Contributions to Registered Charitable Organizations

question 78

Multiple Choice

In the year of death, contributions to registered charitable organizations through your will

• A)can be made to a family member.
• B)are restricted to 75 percent of gross income.
• C)can be 100 percent of net income and for the preceding year.
• D)is capped at $75 000.

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Definitions:

Optimal Factor Mix

The most efficient combination of resources and inputs a firm uses to produce goods or services at the lowest cost.

Resource Markets

Markets where productive inputs, such as labor, natural resources, and capital, are bought and sold.

Productivities

The levels of output or efficiency achieved from a set amount of inputs in production or work processes.

Profit-Maximizing

The process where a firm adjusts its production to achieve the highest possible profit given its constraints.