On February 3 of the Current Year, Samantha Converts Her

question 58

Multiple Choice

On February 3 of the current year, Samantha converts her house to a rental property. Samantha's adjusted basis in the house is $150,000 and the fair market value is $120,000 on the date of conversion. Samantha uses the rental for 3 years and properly deducts depreciation totaling $12,000. Then, she sells the house for $130,000. What is the amount of the gain or (loss) recognized on the sale?

• A)No gain or loss
• B)$8,000 gain
• C)$20,000 loss
• D)$22,000 gain
• E)$ 8,000 loss

Understand the process of scanning the global marketplace, including economic considerations.

Describe the elements that constitute a global channel of distribution.

Explain the product and promotion strategies for global market entry and their interrelations.

Differentiate between dumping and parallel importing and understand their implications.

---

Definitions:

Hull-Spence Model

A theory of learning that integrates drive reduction and incentive motivation, proposing that a combination of stimuli and past reinforcements can predict behavior.

Generalization Gradients

In learning theory, the range and degree to which a learned response is produced to stimuli that vary from the original conditioned stimulus.

Discrimination Training

The process in behavioral psychology of training an organism to respond differently to distinct stimuli, enhancing its ability to distinguish between them.

Inhibitory Generalization

The process by which an organism learns to inhibit responses to stimuli that are similar to a conditioned stimulus that signals an aversive event.