Which of the Following Requirements Does Not Have to Be

question 99

Multiple Choice

Which of the following requirements does not have to be met for a business or investment expense to be deductible:

• A)Be ordinary and necessary.
• B)Be reasonable in amount.
• C)Be recurring.
• D)Be the taxpayer's own expense.
• E)All of the above must be met.

Discuss Maslow's views on the study of human strengths and the focus on the positive aspects of human nature.

Explore the role of basic physiological and safety needs in human motivation and behavior.

Understand the concepts of deficiency and growth needs and their implications for psychological health and maladjustment.

Understand Maslow's Hierarchy of Needs and its significance in motivational psychology.

---

Definitions:

Standard Price

The predetermined cost of a single unit of product or service, used in budgeting and to measure efficiency.

Direct Labor Rate Variance

The difference between the expected cost of direct labor and the actual cost incurred, based on the rate paid per hour.

Direct Labor Time Variance

The difference between the actual time spent on production and the estimated standard time, multiplied by the standard labor rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or budgeted) cost, based on standard rates and actual hours worked.