Investing in non-dividend-paying stock that is expected to appreciate yearly by 5 percent instead of investing in 5 percent corporate bonds is an example of tax planning by:
a. spreading income through portfolio diversification
b. avoiding income recognition
c. changing the timing of recognition of taxable income
d. changing the character of income
d
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The most common form of equilibrium used for solutions to game theory models is called:
A) budget equilibrium. B) nash equilibrium. C) generic equilibrium. D) cooperative equilibrium.
What is the LEAST likely reason that international companies are concerned about the gray market?
A) undermining the long-term viability of the distributorship system B) causing a firm's operations in different countries to compete against each other C) requiring companies to make frequent price adjustments to capture the market D) preventing companies from charging what the market will bear in each country