Two families who live in Plains, GA have identical incomes. The DeWitts deduct $5,000 from their taxable income for mortgage interest paid during the year. The DeMotts family lives in an apartment and is not eligible for a mortgage-interest deduction. This situation exemplifies

A) an application of the benefits principle of taxation.
B) a violation of horizontal equity.
C) a violation of vertical equity.
D) an application of egalitarian tax rules.

The senior leadership team at Walmart outlined the company's corporate strategy,which included plans for increasing its products and services.What type of strategy is Walmart adopting?

A) restructuring
B) divestiture
C) business
D) growth

A limited partner can force the dissolution of a limited partnership even if the other partners want to continue the business.

Finished goods inventory for a manufacturing company is equivalent to inventory for a merchandising company.

The first unit took 10 hours and the fourth unit took 8.1 hours to complete. What is the learning curve?

A) 100%
B) 99%
C) 95%
D) 90%
E) 80%