Marvin Is in the Business of Song Writing

question 98

Multiple Choice

Marvin is in the business of song writing.He writes jingles for web ads. He writes a song and sells it for a lump sum. He has:

• A)Sold a capital asset.
• B)Sold an ordinary asset.
• C)No gain or loss.
• D)An ordinary gain.
• E)b.and d.

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Definitions:

Life Expectancy

The average period that an individual is expected to live, based on statistical analysis of age-specific death rates.

Late Twentieth Century

A period ranging from the 1970s to the 1990s, characterized by significant technological, political, and cultural changes.

Age Cohort

A group of individuals who share similar ages, often used in research to compare changes across different generations.

Generation

A cohort of people born around the same time, typically spanning about 30 years, who share similar cultural experiences, societal norms, and values.