The Phrase "Ordinary and Necessary" Has Been Defined to Mean

question 116

True/False

The phrase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business.

---

Definitions:

Serious Mental Illness

A mental, behavioral, or emotional disorder resulting in serious functional impairment, which substantially interferes with or limits one or more major life activities.

Psychotropic Medication

Drugs that affect the mind, emotions, and behavior and are used to treat psychiatric disorders.

Homicidal Ideation

Thoughts about homicide, which can range from vague ideas of wanting to harm someone to detailed plans.

Psychosis

A mental disorder characterized by a disconnect from reality, often featuring hallucinations, delusions, and impaired thought processes.