Quality Checked Tax Service Has Expanded to Eight Offices in Different

question 82

True/False

Quality Checked Tax Service has expanded to eight offices in different parts of a major U.S. city. The owners began 30 years ago, when income tax forms and returns were processed manually and clients waited for weeks or even months for refunds to arrive. By using the latest available software and taking advantage of computerized capabilities, Quality Checked has stayed one step ahead of the national chains and other independent tax services in its market area. In fact, it’s become so successful that management has taken out a state license for selling insurance and investment products to clients, who will pay for these financial products out of their tax returns.
-Much like a manufacturing firm,Quality Checked,though a service business,must constantly deal with intangibility,customized products,and frequent customer contact.

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Definitions:

Ownership

The state or fact of legal possession and control over property, which includes the rights to use, enjoy, and dispose of the property.

Effective Deed

A legal document that transfers ownership of real property and becomes valid once it is executed according to laws and delivered to the grantee.

Real Estate

Real estate, which encompasses the land, buildings situated on the land, and the inherent natural resources.

State Statute

A law enacted by the legislative body of a state government.