Which of the Following People Are Currently Engaged in a Trade

question 106

Multiple Choice

Which of the following people are currently engaged in a trade or business? Willie devotes 45 hours per week to betting on horse races. Although he intends to win I. II. large sums, he has failed to win the big one. He considers his betting activities his job and relies on his meager winnings to support his family. Daryl owns 214 home sites in and around Orlando, Florida. He bought these vacant lots several years ago in hoping that they would appreciate in value so he could sell them at a profit. Because of the recreational activities in the area, the building lots are worth several times his original cost. He is getting the lots ready to sell this year.

• A) Only statement I is correct.
• B) Only statement II is correct.
• C) Both statements are correct.
• D) Neither statement is correct.

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Definitions:

Narrow Sense Heritability

A measure of how much of the variance in a trait among individuals in a population is due to additive genetic factors.

Neck Length

A physical trait referring to the distance from the base of an animal's skull to its shoulders, significant in studies of natural selection and adaptation.

Evolutionary Change

A change in the genetic composition of a population over successive generations, leading to the development of new species or variation within species.

Adaptive Evolution

The process through which populations become better suited to their environment through changes in genetic traits over generations.