Which system connects a company's ERP system to those of its customers?
a. Application Platform
b. Customer Relationship Management (CRM)
c. Enterprise Solution
d. Product Lifecycle Management (PLM)
e. None of the above
Answer: b. Customer Relationship Management (CRM)
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Which of the following is true about strict liability?
A. It arose in tort law many years ago in the United States. B. The theory of strict liability was extended to product liability and by the 1940s it was firmly entrenched. C. The injured person need not prove negligence to prevail in court. D. Injured consumers had to prove breach of warranty even after the 1960s to prevail in cases where there was some inherent danger in the use of a product.
What is the tax treatment of net losses in excess of the at-risk amount for an activity?
a) Any losses in excess of the at-risk amount are carried back 2 years against activities with income and then carried forward for 20 years. b) Any losses in excess of the at-risk amount are deducted currently against income from other activities; the remaining loss, if any, is carried forward without expiration. c) Any loss in excess of the at-risk amount is suspended and is deductible in the year in which the activity is disposed of in full. d) Any losses in excess of the at-risk amount are suspended and carried forward without expiration and are deductible against income in future years from that activity.