Digital communications are used by managers
A) ?to manage an organization effectively and to stay informed.
B) ?to eavesdrop on employees.
C) ?to track company vehicles to prevent employees from loitering.
D) ?to prevent theft of company property.
A
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Archibald surrenders a life insurance policy and receives a lump-sum cash payment of $32,000. His premium payments up to the time of surrender amounted to $26,000. How is the surrender treated for tax purposes?
A) Archibald will receive $6,000 tax-free and will be taxed on his $26,000 cost basis. B) The full $32,000 is received tax-free. C) The full $32,000 is taxable as ordinary income. D) Archibald will receive his $26,000 cost basis tax-free and will be taxed on $6,000.
In _____, the manufacturer and the retailer split the costs of advertising the manufacturer's brand.
Fill in the blank(s) with the appropriate word(s).