...Chapter 08 Business Income, Deductions, and Accounting Methods True / False Questions 1. The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure is "ordinary and necessary". True False 2. Business activities are distinguished from other activities in that business activities are motivated by the pursuit of profits. True False 3. The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business. True False 4. Reasonable in amount means that expenditures can be exorbitant as long as the activity is motivated by profit. True False 5. The test for whether an expenditure is reasonable in amount is whether the expenditure was for an "arm's length" amount. True False 6. Illegal bribes and kickbacks are not deductible as business expenses, but this prohibition does not include fines incurred in the ordinary course of business. True False 7. Although expenses associated with illegal activities are not deductible, political contributions can be deducted as long as the donation is not made to a candidate for public office. True False 8. When a taxpayer borrows money and invests the loan proceeds in municipal bonds, the interest paid by the taxpayer on the debt will not be deductible. True False 9. Employees cannot deduct the cost of uniforms if the uniforms are also appropriate for normal...
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...PHI/221 8-30-2014 Dr. Steve Wyre The Blogging Styles Of Yours Truly Part One Well hello all you wonderful people out there!!! Today I want to talk about critical thinking. I know, why Larina would you want to talk about this? Well it is easy. We have way too many hot heads out there that do not use this skill enough. We have people who have road rage and don’t think. We have those over protective momma bears out there that well… they just go off on the any big bad wolf who threatens their cubs. So lets get started! Well what is critical thinking? Critical thinking is that mode of thinking - about any subject, content, or problem - in which the thinker improves the quality of his or her thinking by skillfully taking charge of the structures inherent in thinking and imposing intellectual standards upon them. (2013) In layman’s terms it means we need to really think about what we are going to say or do or say. What are some of the characteristics of a good critical thinker? Well the first one I would like to talk about is Analytical skills . This is where you can analyze and have logical support for your arguments or beliefs. For example: Johnny down the street won’t come outside to play. Well I bet if you get Betty Lou to come out and wash the car Johnny will be sure to come out. See I looked at the problem and put a logical reason to it. The second one I have for you all is communication and literacy skills. This one is where you can write, speak, hear, and be aware...
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...March 3, 2011 How Successful People Think John C. Maxwell Change Your Thinking, Change Your Life Summarized by permission of the publisher, Center Street, New York, New York. All rights reserved. ©2009 by John C. Maxwell ISBN: 978-1-59995-168-3 Introduction In all aspects of life, from the professional world to family interactions, good thinkers help solve problems. For 40 years, John C. Maxwell has studied and analyzed successful people and how they think. He has concluded that the way successful people approach the thought process is a key differentiator. In How Successful People Think, Maxwell discusses the 11 skills that good thinkers exhibit and describes how to adopt these skills. Maxwell recommends keeping it in a place where it will stimulate further thinking. 2. Spending time with good thinkers. Maxwell believes that to become a sharp thinker, a person must spend time with sharp people and observe how they think. 3. Thinking good thoughts. The thinking process is a discipline. As a result, it is important to make thinking a priority and to regularly take time to generate and develop thoughts. 4. Acting on good thoughts. The window of opportunity to act on promising thoughts is short. When a good thought arises, it is important to act on it quickly. 5. Allowing emotions to create another good thought. A person cannot wait to start the thinking pro- Getting Started with Better Thinking For a person to change the way they think, they must commit time to an ongoing...
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...chance for a business to be successful, to thrive through the current difficult times but the fact of the matter is staying in a 9 to 5 job is not going help much. J O B Just over broke As intellectual human beings we have the best chance to be the biggest opportunist’s and I’m telling you now we have to take this opportunity and step up to the plate. Old companies won't be able to hire all of us young and old people so the gap needs to be filled. Start dreaming big and stop thinking small. I say this because it is very easy to do what you know already like getting a job, but being a CEO of a multi- million pound company may be thought of as a wish, and should actually just be as easy think to think of just like a job. You need to let your mind demand more from life and dream big. A book you should consider to help with your thinking is Think and Grow Rich by Napoleon Hill. I don't want to dive in to it too much, but this book is for people seeking help in personal development, the title is pretty much self-explanatory and on a personal note it has helped change my way of thinking and allowed me to learn how to self- discipline...
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...Critical Thinking Means Business: Learn to Apply and Develop the NEW #1 Workplace Skill By Judy Chartrand, Ph.D., Heather Ishikawa, MA, & Scott Flander Copyright © 2009 Pearson Education, Inc. or its affiliate(s). All rights reserved. 3881-09 Table of Contents Introduction to Critical Thinking Means Business ...................................................... 1 Too Little Critical Thinking = Big Problems .................................................................. 2-3 Critical Thinking in the Workplace ................................................................................. 4 How Critical Thinking Works: Introduction to the RED Model .................................. 5 Using the RED Model in Decision Making: A Case Study ........................................... 6 For Trainers - Developing Critical Thinkers and Problem Solvers Using the RED Model: A Sample Training Program ................................................... 7 Conclusion .......................................................................................................................... 8 References .......................................................................................................................... 9 Critical Thinking Means Business Introduction When more than 400 senior HR professionals were asked in a survey to name the most important skill their employees will need in the next five years, critical thinking ranked the highest – surpassing innovation...
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...Critical and Creative Thinking in Society Short Essays PHL/458 Describe a situation of public interest in which critical and/or creative thought could have been used for a better outcome. Describe why it is important to think critically and creatively in similar situations. The story that really jumps out to me is the Ebola virus that has been hitting our country. When introduced to us we saw the bad affects of the situation hitting and that we should be scared. The news gave little no information about what they knew accept for the dangers. Know lets say that they gave this creative thought about how they would present this to people. I would think that things would have been different. Like giving people preventive measures to survive and how to out last the situation. It is so important to think critical on times like these because often people fear the worse and dictate how they live there life’s on information that they hear. When being in the public eye and a voice to the ear of the people. Having information and solutions is very important to ease minds and have confidence of survival rather that people feeling helpless. Define free will, truth, knowledge, and opinion. Explain how we use them to form thoughts. What role does each play in critically assessing situations? Free will - free and independent choice; voluntary decision (free Will) This is mostly used when just thinking in general. This is having a mined for your self and...
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...Change is a big part of life and it’s something we all go through. What would someone expect from a young boy who signed up for the army thinking it would be the easiest thing he would ever do? Such a young boy is changed in Stephen Crane’s The Red Badge of Courage. With such a young mindset, Henry is taken over by his imagination rather than reality. When Henry is broken out of his imagination once he sees what war is like. Henry Fleming is a young boy who goes into battle with a few doubts & and a good attitude and comes out a man. Henry is the protagonist whose nick name is “The Youth” (3). He thinks war is “easy and exciting” (6). His imagination about war is hit with reality during the first battle when he “threw down his gun and fled”...
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...The best way to integrate critical thinking into the education system is by educating the teachers on the proper ways to teach critically. To teach critically, teachers will learn how break processes of a subject down and encourage students to find and use the processes that help them understand the situation they are faced with. When the process of a subject is broken down, it makes it easier to understand, because each step can be seen individually and further explained. If teachers are trained to know how to teach critical thinking it will be an easy transition, because it will not disrupt the student’s learning. The teachers will just apply the new training into what they already teach. Adding the training to make sure it would apply to all schools will be a process, but it will be worth it to make sure all students get the same education. Students should be taught to the best of their ability and teaching them to memorize is holding...
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...will present the principles of the decision making process and how we apply those principles in our work place. Meet the Group Hi, my name is __________. I work as an administrative assistant in a major hospital in my area. The decision-making style that is most prevalent in my organization is rationale thinking. The tools and techniques that are commonly used to make decisions in my organization are to evaluating the problems by comparing the outcomes of each possible solution and applying the process of elimination. One of the techniques that my organization pushes in the institute is a tool for safety called SBAR. SBAR is an acronym that stands for situation, background, assessment, recommendation or request. I would compare SBAR to the rational style of thinking, in addition to brainstorming once the assessment has been made. The thinker firsts gets an understanding of the situation. The person does this by asking questions, taking notes and investigating the problem. The next step is for the thinker to get background. What is the reasoning behind the problem? How did the problem occur in the first place? The next step is to assess the problem. How big is it? How long will it take to resolve? What is needed? Lastly a...
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...Evaluation The First Heart Operation. 1. What doctors, in 1800’s were able to perform and achieve in the operating rooms? 2. How was the first heart operation performed in 1893? 3. How did Dr. Daniel Hale Williams career change after his first heart operation? July of 1893: As a new century loomed, was this certainly particular year of great progress into new medical innovations. In that year, the first heart operation was performed and another man’s life was saved. This big achievement helped set the new stage for modern surgery. Medical professionals at that time said that: “operating on human heart was too dangerous, and there were no procedure for opening the chest.” (The first heart operation-chicagotribune.com) In 1800’s, being a doctor wasn’t easy as we may think. How was the first heart operation performed at that time and very important aspect of that, how did Dr. Williams career and life changed after his first heart operation? ...
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...Running Header: Continued Academic Success Continued Academic Success Angela Brantley GEN/201 October 19, 2015 Portia Jones It’s Okay to be Different Even though our styles are different in learning and writing, we all have the same goal to write a good paper. By having so many resources available, we will be able to achieve academic integrity and success. By knowing how we learn, it will allow us to write a good paper. Being able to focus and use all the resources we have available. Learning Styles “Learning Styles differ but so does the learner.” (Walker & Schutte, 2002) One of the approaches to learning styles that is considered the most powerful and simple is the VAK system. It focuses on these three styles: ▪ Visual Learning • Learning by seeing ▪ Auditory Learning • Learning by hearing ▪ Kinesthetic Learning • Learning by doing Knowing the style by which someone learns helps both the learner and the instructor. It allows the student to comprehend the subject and learn the style that works for them. In addition to personality, learning styles are an individual difference factor that represents enduring and stable approaches to processing information (Snyder, 2000). If you are a visual learner, you are more likely to get bored with auditory learning and losing focus with the...
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...Barriers to Critical Thinking When thinking critically, it is impossible to say that many of us have not come to some kind of barrier in our thought process. Not to say that we cannot overcome them though. All of us have opinions and ideas on just about everything and anything. And those opinions and thoughts could be something that is ingrained in your very being or something you picked up along your path. Those opinions and ideas could be holding you back from thinking critically, even though you may not be aware of it. Though there are more barriers that inhibit critical thinking then I can count on my fingers and toes, some familiar and popular barriers one may face are egotistical thinking, self-serving bias, and of course, emotional influences. The Ego Defense “Ego Defenses are psychological coping strategies that distort reality in order to protect ourselves from anxiety, guilt, and other bad feelings” (Goodpastor & Kirby, 2007, Chapter 2). In other words, refusing to accept that one has faults at all. Denial is the base of our egotistical thinking. We deny what we do not want to accept or feel. As a result, one can become close minded and arrogant in their opinions. This does not promote critical thinking. Instead, quite the opposite is occurring. Without an open mind and acceptance, how could anyone absorb any new information or even give other individuals views a chance? In order to overcome using the ego defense, one has to get past their own fears and learn...
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...Pamantasan ng Lungsod ng Maynila Intramuros Manila Graduate School of Management MBA-Top Executive Program (TEP) Book Report: Think Big: Make it Happen in Business and Life By Donald Trump and Bill Zanker In partial fulfillment of the requirements in the subject Marketing Management Submitted by: Bustillo, Nicole Lance O. Submitted to: Dr. Edza Zialcita Title: Think Big Make it Happen in Business and Life (Think Big and Kick Ass) Author: Donald Trump and Bill Zanker Main Learning Point: How “thinking big” can help you become successful in business and in life Summary: This book of Donald Trump is about him, discussing the things he had done that lead to him to become who he is right now, as well as the proper attitude one must possess to become successful. The book also showcased insights from Bill Zanker, President/Founder of The Learning Annex, an educational institution which focuses on entertainment and filmmaking. The insights he give in the book helps the readers to comprehend more on what Mr. Trump wants every readers to absorb in his book: to think big to become successful in life. The book is divided into 10 Chapters. Each chapter has a very important message every readers is expected to comprehend. The following are the summary of the important points in every chapter of the book: Chapter 1: Do you have what it takes? The starting point of the book. It aims to build the reader’s mind setting about aiming to become successful in life and in career...
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...sitting and what she is wearing, or even with what the text says, to the color choices. Description The ad was smaller when it was pulled it up on the internet, but the model is Pamela Anderson. There are limited colors of white, blue, black, and the skin and hair color of the model. It is obvious that she is trying to be sexy in every aspect. It looks as if she is sitting on a bed. She is wearing a revealing two-piece blue bikini, slightly showing some cleavage, and her hair and make-up are done, which pulls attention to the look on her face. Clearly, the look she is trying to go for is innocent. Also, her body is sectioned into parts just as a cow’s body would be when processed for meat. The text also plays a big part in this ad. Along the top of the ad it says: “ALL ANIMALS HAVE THE SAME PARTS,” and “HAVE A HEART, GO VEGETARIAN,” which surprisingly matches the color of her bikini, which also pulls the attention to her chest and face. Target Audience This ad reaches out to both men and women, more in adolescent age, because of how the model is used, and the many different angles used within the ad. As the model, Pamela Anderson is known for being a playmate of the month, an actress, model and a former showgirl. So generally, Ms. Anderson is considered a sex symbol...
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...ch2 Student: ___________________________________________________________________________ 1. Planning, implementation, and control are basic jobs of all managers. True False 2. The three basic jobs in the marketing management process are planning, implementation, and control. True False 3. Strategic planning is a top management job that includes planning only for marketing areas. True False 4. Strategic planning is the managerial process of developing and maintaining a match between an organization's resources and its market opportunities. True False 5. Finding attractive opportunities and developing profitable marketing strategies are the tasks included in the marketing manager's marketing strategy planning job. True False 6. A marketing strategy is composed of two interrelated parts--a target market and a marketing mix. True False 7. A marketing strategy is composed of two interrelated parts--planning and implementation. True False 8. The two parts of a marketing strategy are an attractive opportunity and a target market. True False 9. Mass marketing means focusing on some specific customers, as opposed to assuming that everyone is the same and will want whatever the firm offers. True False 10. The terms mass marketing and mass marketers mean the same thing. True False 11. Potential customers are all alike. True False 12. "Mass marketers" like Target usually try to aim at clearly defined target markets. True False 13. The "four Ps" of the marketing mix...
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