Once the More-Than-50% Business Usage Test Is Passed for Listed

question 103

True/False

Once the more-than-50% business usage test is passed for listed property, it still matters if the business usage for the property drops to 50% or less during the recovery period.

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Definitions:

Idea Champion

An individual within an organization who passionately supports, promotes, and believes in the potential of an idea or project, often encouraging its adoption and implementation.

Intrapreneur

An employee within a company who promotes innovative product development and marketing by leveraging entrepreneurial skills.

Research and Development

A business or government activity that involves the investment of resources in innovation and improvement of products, services, or processes.

Effective Communication

Communication whereby the right people receive the right information in a timely manner.