Match the Following Statements

question 1

Multiple Choice

Match the following statements.
-Bingo games

• A)Distribution of such items is not considered an unrelated trade or business if they are "low-cost items".
• B)Is considered an unrelated trade or business if the amount received is contingent upon the level of attendance at one or more events
• C)Is considered an unrelated trade or business if legally it can be conducted by commercial (for-profit) entities.
• D)A trade or business that consists of either renting or exchanging these with another exempt organization is not an unrelated trade or business.

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Definitions:

Lack of Sophistication

Lack of sophistication in negotiations refers to a minimal level of skill, expertise, or complexity displayed by one or more parties.

Inadequate Skill

Lacking sufficient ability, expertise, or competency to perform a task or handle a situation effectively.

Philosophical Differences

Fundamental disagreements on basic principles, beliefs, or concepts between individuals or groups.

Inexperience

Lacking knowledge, practice, or familiarity with something due to insufficient exposure or learning opportunities.