Why do companies engage in the globalization of production?
What will be an ideal response?
Answer: To lower their overall cost structure or improve the quality of their product offering.
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Which statement about federal income taxation of life insurance settlement payments is true?
A. Upon surrender of a whole life policy no part of the cash value is taxable because it is paid in a lump sum. B. Choosing the "life income" settlement option saves the beneficiary from paying any income taxes. C. The "interest only" option results in no taxation until the beneficiary selects one of the other options. D. A lump sum settlement is paid out tax free when paid to a natural person.
Which of the following is a true statement about student loans?
A) All student loans are provided by the U.S. government. B) All student loans have fixed interest rates. C) Interest payments on some loans are deferred until the students graduate and enter the workforce. D) Interest is tax deductible for those at all income levels.