In Which of the Following Independent Situations Would Slane, a Foreign

question 108

Multiple Choice

In which of the following independent situations would Slane, a foreign corporation, be classified as a controlled foreign corporation? The Slane stock is directly owned 12% by Jen, 10% by Kathy, 12% by Leslie, 10% by David, 8% by Ben, and 48% by Mike.

• A) Jen, Kathy, Leslie, David, Ben, and Mike are all U.S. citizens.
• B) Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. David is married to Kathy. Mike is a foreign resident and citizen.
• C) Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. Ben is Mike's son. Mike is a foreign resident and citizen.
• D) Jen, Kathy, Leslie, David, and Ben are all U.S. citizens. Mike is a foreign resident and citizen.

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Definitions:

Performance Feedback

The process of providing information to individuals or groups about their performance effectiveness for the purpose of improving their future performance.

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work.

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Growth Potential

refers to the capacity for expansion or advancement, either for an individual, a business, or a product in the market.