Explain the concept of using the standard deduction or using itemized deductions
What will be an ideal response?
Answer: The alternative to itemizing deductions is to take the standard deduction. The standard deduction is the best estimate by the government of what the average person would be able to deduct by itemizing. You don't need to figure your expenses and provide receipts or justification. The standard deduction varies based on your filing status. Many people have different situations that differentiates them from the average person.
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The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as ________
A) the consumer decision-making process B) the family life cycle C) cognitive dissonance D) consumer behavior E) extended problem solving
According to Kotter, while leadership is an age-old concept, the idea of management was developed during the industrial revolution
a. true b. false