If purchasing authority for the majority of purchase expenditures is at the divisional, business unit, or site level, then a firm has a more _____ structure

William Marolf obtains a 5 million EUR mortgage loan from Bank Nederlandse. A year later the principal on the loan is 4 million EUR and Marolf defaults on the loan. Bank Nederlandse forecloses, sells the property for 2.5 million EUR, and is entitled to collect the shortfall, 1.5 million EUR, from Marolf. Marolf most likely had a:

A. bullet loan. B. recourse loan. C. non-recourse loan

Grey, a calendar-year taxpayer, was employed and resided in New York. On February 2, 2016, Grey was permanently transferred to Florida by his employer. Grey worked full-time for the entire year. In 2016, Grey incurred and paid the following unreimbursed expenses in relocating: Lodging and travel expenses while moving-$1,000 Pre-move house-hunting costs-1,200 Costs of moving household furnishings and personal effects-1,800 What amount was deductible as moving expense on Grey's 2016 tax return?

a) $2,800 b) $4,000 c) $1,000 d) $1,800