Hiram Is a Computer Engineer And, While Unemployed, Invents a Switching

question 76

Multiple Choice

Hiram is a computer engineer and, while unemployed, invents a switching device for computer networks. He patents the device, but does not reduce it to practice. Hiram has a zero tax basis for the patent. In consideration of $800,000 plus a $1 royalty per device sold, Hiram assigns the patent to a computer manufacturing company. Hiram assigned all substantial rights in the patent. Which of the following is correct?

• A) Hiram automatically has long-term capital gain from the lump sum payment, but not from the royalty payments.
• B) Hiram automatically has long-term capital gain from the royalty payments, but not from the lump sum payment.
• C) Hiram automatically has long-term capital gain from both the lump sum payment and the royalty payments.
• D) Hiram does not have automatic long-term capital gain from either the lump sum payment or the royalty ????????.
• E) None of the above.

Describe the systemic/strategic model of training including its phases.

Identify the reasons and factors influencing the success of training programs.

Distinguish between training and development and understand their relevance in organizational contexts.

Understand the role of competency assessments in training.

---

Definitions:

Microsoft Lync

A discontinued instant messaging client used for online meetings and video conferencing.

Online Meetings

Virtual gatherings, typically conducted over the internet using software that enables audio and video communication.

Backup Computer Files

The process of creating copies of data stored on a computer or server to a separate storage device to prevent data loss.

Active Directory Synchronization

The process of ensuring that user and group information is consistent across different systems, particularly between Active Directory and other services.