When Establishing Whether the Sale of an Asset Is Capital

question 3

Multiple Choice

When establishing whether the sale of an asset is capital income or business income, which of the following is not one of the factors typically taken into consideration when determining the primary intention of a transaction?

• A) Period of ownership
• B) Payment terms of the sale
• C) Number and frequency of transactions
• D) Relation of transaction to taxpayer's business

Differentiate between Maslow's hierarchy of needs and cognitive needs.

Assess personal growth and development using the characteristics of self-actualizing individuals.

Interpret the role of metaneeds and metamotivation in achieving personal fulfillment.

Apply Maslow's theories to real-life situations and personal development strategies.

---

Definitions:

Metabolic Disorder

A group of conditions that occur due to abnormalities in the body's metabolism, leading to health problems.

Tay-Sach's Disease

A genetic disorder characterized by the destruction of nerve cells in the brain and spinal cord, leading to severe neurological impairment, typically diagnosed in infancy.

Hyperammonemia

A medical condition characterized by elevated levels of ammonia in the blood, which can be toxic to the brain.

PKU

Phenylketonuria is a genetic disorder characterized by an inability of the body to process the amino acid phenylalanine, leading to harmful levels in the blood if left untreated.