An Activity Is Not an Unrelated Trade or Business for Purposes

question 70

True/False

An activity is not an unrelated trade or business for purposes of the unrelated business income tax (UBIT) unless it is profitable.

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Definitions:

Interpersonal Roles

involve responsibilities of a manager that are centered around communication and relationship building within and outside an organization.

Interacting

The act of communicating or working together with others which can influence thoughts, feelings, and behaviors.

Disturbance Handler

A role identified in Mintzberg's managerial roles, where a manager addresses unexpected issues and crises that arise, taking corrective action when necessary.

Resource Allocator

A role within management responsible for deciding how best to distribute resources to achieve organizational goals.