Which of the Following Individuals Is Involved in a Trade

question 46

Multiple Choice

Which of the following individuals is involved in a trade or business?
I.Lil owns a farm near Lafayette, Indiana. She leases the property to Cal, who operates the farm for himself. Lil receives 10% of Cal's net income as part of the lease agreement but has no responsibilities for the farming operation.
II.Lorraine owns a warehouse located in Brooklyn NY. She paid $250,000 for the real estate several years ago. It is now appraised at over $1,000,000, but she still uses the building only to store her painting collection.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

Distinguish between the privacy protections offered to individuals by the U.S. Constitution and federal laws.

Understand the balance between employer’s right to monitor for business purposes and employee’s privacy rights.

Discuss the ethical considerations related to employee monitoring, drug testing, and impairment testing strategies.

Identify the functions and societal role of privacy as discussed by privacy theorists.

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Definitions:

Social Power

The ability to influence or control the behavior of others and the outcomes of social situations.

Sociometric Methods

Techniques used to measure social relationships and structures by evaluating attributes like preferences, choices, or personal connections among group members.

Opinion Leaders

Individuals who have the ability to influence the attitudes, behaviors, and opinions of others due to their expertise, position, or personality.

Postural Muscles

Muscles that are primarily responsible for stabilizing the body and maintaining posture.