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In the United States, in order for a spin-off to be nontaxable, the following must be the case:
Efficacy Judgments
Refers to an individual's beliefs about their capacity to execute actions required to achieve specific performance outcomes.
Performance Attainment
The achievement or accomplishment of specific tasks or goals, often used as a measure of success or competence in various contexts.
Observational Learning
Observational learning is a cognitive process where individuals learn new behaviors or information by watching others.
Interrelated Processes
Connected or related operations or sequences that influence one another and contribute to a larger system or result.
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