For an Activity to Be Considered as Regularly Carried on for Purposes

question 105

True/False

For an activity to be considered as regularly carried on for purposes of the unrelated business income tax, the activity must be conducted during the work week (i.e., activities performed on the weekend are not considered in determining if the activity is regularly carried on).

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Definitions:

Questioning Attitude

The habit of consistently asking questions to gain deeper understanding, encourage critical thinking, and challenge assumptions.

Open Mind

The willingness to consider new ideas, perspectives, and experiences without prejudice.

New Ideas System

A framework or process for generating, capturing, and evaluating innovative concepts within an organization or group.

Benchmarking

The practice of comparing a company's processes and performance metrics to industry bests or best practices from other companies.