Income from which of the following investments is passive income?
I. Real estate DPP.
II. Vacation cottage rentals.
III. REITs.
IV. CMOs.
A) I and III.
B) II and IV.
C) I and II.
D) II and III.
Ans: C) I and II.
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After Fidel Castro took power in Cuba in 1959, his government seized control of American property without paying compensation
Coca-Cola, DuPont, Texaco, and dozens of other American companies have filed claims against Cuba seeking financial settlements. Which of the following terms most specifically describes the action Castro took against these companies? A) nationalization B) confiscation C) expropriation D) internationalization E) deportation
Which of the following terms refers to an agreement by the parties concerned to establish a set of rules for governing a business transaction?
A) charter B) policy C) contract D) license