The Process of Managing Career Goals and Individual Capabilities with Opportunities

question 64

Multiple Choice

The process of managing career goals and individual capabilities with opportunities for their fulfillment is called __________.

• A) career planning
• B) employee management
• C) career development
• D) multiperson comparison

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Definitions:

Deferred Gain

A profit from the sale of property or an investment that has been realized but not recognized for tax purposes in the current period.

IRC Section 121

A provision in the Internal Revenue Code that allows homeowners to exclude up to $250,000 ($500,000 if married filing jointly) of capital gains on the sale of their primary residence, subject to certain conditions.

Receipt of Boot

Tax term referring to non-like-kind property or cash received in an exchange, which may trigger taxable gain.

Like-kind Exchange

A tax-deferred exchange of similar properties under section 1031 of the U.S. Tax Code.