Which of the following statements describe the conduit theory of taxation? a. a fund is not taxed on earnings it distributes provided distributions equal 90% or more of net investment income. b. earnings distributed by a regulated investment company are taxed three times. c. dividends and interest are passed through to the investor without the fund being taxed. d. dividends and interest accumulate tax free to the shareholder.

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.