Taylor inherited 100 acres of land on the death of his father in 2020. A Federal estate tax return was filed and this land was valued in the return at $650,000, its fair market value at the date of the father's death. The father acquired the land in 1974 for $112,000. Prior to his death, he had expended $20,000 on permanent improvements. Taylor's holding period for the land:

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.

the social-cultural environment a firm operates in is constantly changing, and having a significant impact on marketing strategies. the change is so rapid and immense that some firms have created a new position in the organization to handle this change. which title best describes the new position described in the scenario?

After working for stafford automotive group as an automotive technician for the last 4 years, stan was promoted to the position of service manager. he now oversees the work of the other automotive technicians and shop attendants, is responsible for training them, and manages the parts inventory. stan would be considered a(n) manager.