A Group Member Is Silent

question 32

Multiple Choice

A group member is silent. It seems by his nonverbal behavior that he has something to say. The leader asks herself in contemplation, "Is he waiting for me to call on him?" Is this a legitimate concern?

• A) No; members were told they could speak freely
• B) Probably; the member exhibits many childish behaviors
• C) No, the member is 42 years old and quite well-adjusted
• D) Maybe; it could be politeness

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Definitions:

Temporary Difference

A difference between the carrying amount of an asset or liability in the balance sheet and its tax base that will result in taxable or deductible amounts in future years.

Effective Tax Rate

The average rate at which an individual or corporation is taxed, calculated by dividing the total tax paid by the taxable income.

Statutory Tax Rate

The official tax rate set by law that companies and individuals must pay on their income.

Deferred Tax Liabilities

Tax liabilities that emerge from the temporary discrepancies between the accounting and tax valuation of assets and liabilities.