Which of the following is a true statement about the domestic production activities deduction?
A. This deduction is determined by the amount of goods manufactured in the United States for export abroad.
B. The deduction is calculated as a percentage of the cost of goods manufactured in the United States.
C. This deduction represents a subsidy to taxpayers who manufacture or construct goods in the United States.
D. The domestic production activities deduction is not affected by the cost of labor.
E. All of these are true.
Ans: C. This deduction represents a subsidy to taxpayers who manufacture or construct goods in the United States.
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The characteristics of home demand for a firm's products or services include all of the following except:
A) the composition of home demand. B) the size of the home demand. C) pattern of the growth of the home demand. D) means by which the home demand pushes or pulls foreign markets. E) the size of the competitors share of the home demand.
The general liability policy covers bodily injury or property damage caused by "an accident, including continuous repeated exposure to substantially the same general harmful conditions." This cause is loss is called a(n)
A) occurrence. B) accident. C) event. D) incident.