A code of ethics is a useful way to promote ethical behavior

Which of the following statements is (are) true about the federal estate tax?

I. The gross estate can be reduced by a number of deductions. II. If the person who died had any ownership interest in a life insurance policy at the time of death, the proceeds are included in the gross estate for federal estate tax purposes. A) I only B) II only C) both I and II D) neither I nor II

If Textile Manufacturing, Inc. reduces the hourly wages of its employees so that it can compete with imported clothing, it can anticipate a significant increase in employee theft on the job

Indicate whether the statement is true or false