Preliminary Control Is Also Called_________

question 93

Multiple Choice

Preliminary control is also called_________.

• A)Inputs
• B)Outputs
• C)Transformation Process
• D)Customer/Stakeholder satisfaction

---

Definitions:

Active Income/Loss

Income or losses generated from direct business activities or employment, as opposed to passive income from investments.

Passive Income/Loss

Earnings from rental property, limited partnerships, or other enterprises in which the individual is not actively involved.

Passive Activity Loss Rules

Regulations that limit the amount of losses taxpayers can deduct from passive activities, such as rental properties, against other income.

At-Risk Rules

Tax regulations limiting the amount of deductible losses from certain types of investments to the amount actually at risk.