One of the Criteria to Be Satisfied in Order for a Business

question 110

Multiple Choice

One of the criteria to be satisfied in order for a business to deduct an expense is that the expense be "necessary." In applying this standard,case law has determined that necessary means

• A)indispensable if the business is to succeed.
• B)mandated by law.
• C)appropriate and helpful to the business.
• D)none of the above.

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Definitions:

Lower Classes

A socio-economic group characterized by low income, limited access to education and opportunities, often facing greater societal challenges.

Disproportionately

In a way that is out of proportion or not in an equal or fair ratio relative to another quantity or measure.

Conflict Theory

Generally focuses on large, macro-level structures, such as the relations between classes. It shows how major patterns of inequality in society produce social stability in some circumstances and social change in others. It stresses how members of privileged groups try to maintain their advantages while subordinate groups struggle to increase theirs. It typically leads to the suggestion that eliminating privilege will lower the level of conflict and increase the sum total of human welfare.

Deviance

Behaviors or actions that violate societal norms or values, which can range from minor infractions to serious crimes.