The worldwide approach, also referred to as the residential or national approach to tax policy, levies taxes on the income earned by firms that are incorporated in the host country, regardless of where the income was earned

(domestically or abroad).
Indicate whether the statement is true or false.

Answer: TRUE

Business

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One of the goals of mutual funds is to achieve superior diversification through fund and risk pooling compared to what individual investors can achieve.

a. true b. false

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According to the definition presented in the applied psychology text, an idea is not creative unless it

a. has not been though of by anybody else. b. can be put into action. c. can be translated into profits. d. is eligible for a patent.

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