For a company that produces hand held calculators, the Operations Manager knows that in the early stages of production for a new product, the expenditures exceed receipts, whereas in the latter stages, the reverse is true

Cal, age 57, owns a whole life insurance policy with a $750,000 face amount that was paid for with a single premium of $100,000. The current cash value is $125,000. If he were to borrow $30,000 from this policy today, which of the following choices best describes the tax treatment this transaction will receive?

A) $25,000 of the loan is subject to income taxation plus an additional 10% penalty tax. B) The first $25,000 of the loan is tax-free, but the remaining $5,000 is subject to income taxation. C) The loan is income tax-free. D) The first $5,000 of the loan is tax-free, and the remaining $25,000 is subject to income taxation.

According to the principle of unity of command, ________

A) managers should limit their oversight to a maximum of 12 employees B) managers should oversee 1-4 employees on average C) an individual should be directly responsible to only one supervisor D) an organization should be departmentalized on the basis of functions E) employees should report directly to two supervisors to maintain task balance