Rick, a Computer Consultant, Owns a Separate Business (Not Real

question 105

Multiple Choice

Rick, a computer consultant, owns a separate business (not real estate) in which he participates. He has one employee who works part-time in the business.

• A) If Rick participates for 500 hours and the employee participates for 620 hours during the year, Rick qualifies as a material participant.
• B) If Rick participates for 550 hours and the employee participates for 2,000 hours during the year, Rick qualifies as a material participant.
• C) If Rick participates for 120 hours and the employee participates for 120 hours during the year, Rick does not qualify as a material participant.
• D) If Rick participates for 95 hours and the employee participates for 5 hours during the year, Rick probably does not qualify as a material participant.
• E) None of the above.

Identify the difference between oceanic and continental crust composition.

Differentiate between silicate and nonsilicate minerals.

Recognize the structural differences between various carbon bonds and their impact on mineral properties.

Understand electron sharing and loaning in chemical bonding.

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Definitions:

Intrapreneurship

The practice of cultivating an entrepreneurial mindset and innovation within a large or established organization.

Serial Entrepreneurship

The practice of repeatedly starting new businesses and ventures, typically after previous successes or failures.

Hackathon

An event, often competitive, where programmers, designers, and others involved in software development collaborate intensively on software projects.

Skunkworks

Project initiated by a company employee who conceives the idea, convinces top management of its potential, and then recruits human and other resources from within the firm to turn it into a commercial project.