Which of the following would be classified as an opportunity in a SWOT analysis of Fun-Spot?
A) A rival amusement park announces plans to open three new rides next season.
B) A new luxury hotel is being constructed in the area, with the aim of attracting more high-spending families on vacation.
C) Ron and Gail have paid off the mortgage on Fun-Spot, significantly reducing their monthly expenses.
D) Fun-Spot employees tend to be enthusiastic and young, projecting an image of fun and vitality.
E) Fun-Spot plans to further diversify its offerings by beginning a two-week summer camp for elementary school students.
B
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Which of the following statements about portfolio income from investments that are not held in a tax-deferred account, is accurate?
A) It is also called investment income. B) It is normally in the form of dividends and interest. C) It must be reported on your tax return. D) It may be taxed at a lower rate than wages and salaries are. E) All of the above
A draft is sometimes called a revocable letter of credit
Indicate whether the statement is true or false.