A Taxpayer Must Have Owned and Lived in a Personal

question 61

True/False

A taxpayer must have owned and lived in a personal residence at least two of the last five years in order to qualify for the maximum exclusion of gain on the sale of that residence.

Distinguish between ethical and legal actions in a business context.

Differentiate between public and private international law.

Recognize intellectual property and its role in international business.

Understand how regulatory environments influence international business opportunities.

---

Definitions:

Scatter Diagram

A graphical representation used to visualize the relationship between two quantitative variables, showing how one variable affects the other.