The most fundamental services that governments provide to firms are:
a. the establishment of product and financial markets.
b. the regulation of industries.
c. the establishment of property rights and the enforcement of legal contracts.
d. building infrastructure and monitoring managers.
D
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Pre-death distributions from a modified endowment contract (MEC) receive different tax treatment than other life insurance policies because
A) the MEC has tax deductible premiums B) the MEC is considered an illegal product C) the MEC tends to be an investment vehicle D) the MEC does not accumulate cash value
Professional athletes such as basketball players in the NBA are tested for many drugs pursuant to their union contract. They are tested for performance-enhancing drugs as well as "recreational" drugs such as marijuana and cocaine. Why would the union contract permit testing for these "recreational" drugs when they do not enhance performance?
A. Public relations. B. It is required by the Americans With Disabilities Act. C. "Recreational" drugs can be fatal. D. Kevin Durant is the best player in the NBA.