Joyce Owns an Activity (Not Real Estate) in Which She

question 42

True/False

Joyce owns an activity (not real estate) in which she participates for 100 hours a year; her husband participates for 450 hours. Joyce qualifies as a material participant.

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Definitions:

Salesforce

A cloud-based software company known for its customer relationship management (CRM) product, which helps businesses connect with and understand their customers.

SAP

SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations, known for its ERP (Enterprise Resource Planning) software.

Supply Chain Information

Data regarding the activities, resources, and management of the flow of goods and services from their origin to the consumer.

CRM

Customer Relationship Management, a strategy for managing an organization's interactions with current and potential customers, often using data analysis about customers' history with a company to improve business relationships.