Which of the Following Is True of the Children's Online

question 2

Multiple Choice

Which of the following is true of the Children's Online Privacy Protection Act (COPPA) ?

• A)It imposes certain requirements on operators of websites directed to children under the age of 13.
• B)It seeks to clarify the source of products for young consumers.
• C)It is designed to prevent the infiltration of legitimate businesses by organized crime.
• D)It makes the unauthorized use of another person's computer illegal.

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Definitions:

Ordinary Loss

A loss derived from normal business operations or transactions that is not classified as a capital loss.

Passive Activity

Passive activity involves business or trade activities in which the person is not actively involved, affecting how losses and income are treated for tax purposes.

Suspended Losses

Losses that cannot be deducted in the current year and must be carried forward to future years for deduction under certain tax rules.

Actively Participated

Actively Participated refers to a taxpayer's involvement in the operations and decision-making of an investment or business activity, which may affect tax treatment.