Which of the Following Statements Is Correct Regarding the Unrelated

question 6

Multiple Choice

Which of the following statements is correct regarding the unrelated business income tax (UBIT) ?

• A) To be subject to the UBIT, the exempt organization must conduct a trade or business, the trade or business is not substantially related to the exempt purpose of the organization, and the trade or business is regularly carried on by the organization.
• B) To be subject to the UBIT, the exempt organization must conduct a trade or business, the trade or business must be substantially related to the exempt purpose of the organization, and the trade or business must be regularly carried on by the organization.
• C) To be subject to the UBIT, the exempt organization must conduct a trade or business, the trade or business is not substantially related to the exempt purpose of the organization, and the trade or business is carried on during more than half the year.
• D) An exempt entity that conducts a business that competes with for-profit businesses automatically is subject to the UBIT.
• E) None of these statements is correct.

Learn how differentiation strategies are applied across different markets and the importance of employee roles in this context.

Understand the relationship between an organization's culture and its human resource strategies.

Identify and describe the factors affecting human resource strategy formulation.

Recognize the impact of an organization's purpose and mission on its HR practices.

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Definitions:

Global Warming Chemicals

Substances contributing to the greenhouse effect and global warming, typically including carbon dioxide, methane, nitrous oxide, and fluorinated gases.

Ratified

Formally approved or confirmed, often used in the context of treaties, contracts, or agreements that have gone through a formal validation process.

Ex Situ Conservation

Ex situ conservation is the preservation of components of biological diversity outside their natural habitats, such as in zoos, seed banks, or aquariums.

National Park

A natural area protected for its scenic beauty, biodiversity, and recreational opportunities, often managed by governments for conservation and public enjoyment.