Utility Refers to

question 11

Multiple Choice

Utility refers to

• A)the usefulness of a training program.
• B)the costs incurred for a training program.
• C)training effectiveness in terms of increased outcomes.
• D)the benefits derived from training relative to the costs incurred.

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Definitions:

Business Loss

A financial state where business expenses exceed its revenue, which can affect tax liabilities.

Deduct

To subtract or take away from the gross amount; in taxation, to lower taxable income by subtracting allowable deductions.

At-risk Amount

The investment in money or other property at risk in an activity, determining the deductible loss limit.

Passive Loss Rules

Tax provisions limiting the amount of loss investors can claim from passive activities, such as rental properties, to offset other income.