To qualify for a tax free exchange, properties MUST:
a) have the same income
b) have different incomes
c) be of like kind
d) have deeds in corporate names
Answer: c) be of like kind
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Which of the following statements about Bechtel is true?
A) Even though Bechtel is over 100 years old, the Kuwaiti oil fields was its first "project." B) Bechtel is the world's premier manager of massive construction and engineering projects. C) Bechtel's competitive advantage is supply chain management. D) While its projects are worldwide, its network of suppliers is largely in the United States E) All of the above are true.
What does it suggest about an organization if people are rewarded for being reliable and predictable?
A) This suggests the organization will penalize people who use discretion. B) This suggests the organization will reward those who use discretion. C) This suggests a person who has high personal attraction will be successful in a job in this organization. D) This suggests a person with a high need for power would be happy in a job in this organization.