Strong organizational culture can eliminate the need for rules and regulations
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: A strong culture can serve as guidelines for employees, eliminating the need for official rules and regulations.
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Which of the following is considered a tax preparer under the tax preparer regulations?
A. An individual who prepares a return for a friend, free of charge, and then receives a gift of gratitude from the friend. B. An individual who prepares a return for his or her employer if (s)he is regularly and continuously employed by the employer. C. An individual who prepares, as a fiduciary, a return or claim for refund for any person. D. Someone who employs another person to prepare, for compensation, a substantial portion of any return of tax under the income tax provisions of the Code.
Which of the following statements is true?
A) The average profiles for profitable high-share and profitable low-share businesses are almost identical. B) A low-share business with above-average customer value is more profitable than a high-share business with below-average customer value. C) A low-share niche business's prices are slightly above the average relative price index of 100. D) Profitable low-share niche businesses tend to have a wide product breadth. E) Profitable low-share niche businesses tend to spend more on advertising relative to the competition.