The annual property taxes an owner of a home must pay are determined by:
A: Assessing the land and improvements separately, then multiplying the total by one tax rate;
B: Assessing the land and improvements together, then multiplying by one tax rate;
C: Assessing the land and improvements separately, then multiplying by different tax rates;
D: None of the above.
Answer: A: Assessing the land and improvements separately, then multiplying the total by one tax rate;
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Which of the following statements pertaining to sole proprietor buy-sell plans is CORRECT?
A) In a sole proprietor buy-sell agreement, the sole proprietor is the owner of the policy. B) Life insurance is an ideal medium for funding a buy-sell agreement because, for a reasonable premium, it makes money available when needed to activate the sale of the business. C) Concerning disposition of the business after the proprietor's death, the only alternatives open to a sole proprietor are to dissolve the business or leave it to an heir as a bequest. D) A buy-sell agreement for a sole proprietor can be drafted by the proprietor or the life insurance agent."
GATS differs from NAFTA in that GATS _______
A. specifically defines four basic modes of supply B. does not allow its members to make their sector list restrictive C. does not grant non-members the right to be free from performance requirements D. does not deal with services generally, but rather by sectors.