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If an Exempt Organization Conducts a Trade or Business That

question 67

True/False

If an exempt organization conducts a trade or business that is regularly carried on by the organization, it is subject to the unrelated business income tax (UBIT).


Definitions:

Dihydroxylation

A chemical process that introduces two hydroxyl (-OH) groups across a double bond in alkenes, producing diols.

Hydroboration

A chemical reaction that adds boron and hydrogen across the double bond of alkenes to form organoboranes, a helpful intermediate in organic synthesis.

Alkene

Hydrocarbons that contain at least one carbon-carbon double bond, involved in various organic reactions.

Products

Substances resulting from a chemical reaction, found on the right side of the chemical equation.

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