Having money deducted from your paycheck and put in a flexible spending account is one of the ways you can avoid paying taxes on the amount you spend for health care expenses

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Internally generated goodwill associated with a business may be recorded as an asset when a firm offer to purchase that business unit has been received.

a. true b. false

Business

Coca-Cola billboards were recently put up near the Piazza San Marco in Venice, which has numerous historical landmarks. The major reason for allowing the billboards at a prominent historical site is:

A) Coke is a very popular drink in Italy. B) to introduce an American product in an emerging market. C) a severe lack of funds for historic renovation. D) aesthetic reasons. E) the prominence of global marketing.

Business