Which One of the Following Statements Is Technically TRUE Regarding

question 67

Multiple Choice

Which one of the following statements is technically TRUE regarding the term minority group?

• A)It is a category composed of people who have biologically transmitted traits.
• B)It is a term that refers to a numerical minority compared to the total population.
• C)It refers to a group of people who receives unequal or discriminatory treatment.
• D)The number of these groups is decreasing slightly in nearly every one of the states.

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Definitions:

Basis

The initial value of an asset for tax purposes, used to determine gain or loss on sale or disposition.

Rental Property

Real estate property that is owned by an individual or entity and rented out to tenants in exchange for monthly rental payments.

Recognized Gain

is the portion of a gain that is subject to taxation under the tax laws after the sale or exchange of an asset.

Basis

The original value or cost of an asset or investment for tax purposes, crucial for calculating gain or loss on disposition.