Rene Owns Four Small Businesses

question 57

Multiple Choice

Rene owns four small businesses.Rene spends the following number of hours this year working in those businesses: Business A,105 hours; Business B,130 hours; Business C,120 hours; Business D,99 hours.Which of the following statements is correct?

• A)Businesses A,B,C,and D are all significant participation activities.
• B)Businesses A,B,and C are material participation activities.
• C)Businesses A,B,and C are significant participation activities.
• D)Both businesses A,B,and C are material participation activities and businesses A,B,and C are significant participation activities are correct.

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Definitions:

Theory X Management

A management style that assumes employees are inherently lazy and need to be closely supervised and controlled.

Task Delegation

The process of assigning responsibility and authority for specific tasks or activities from one individual, often a manager or leader, to another, typically a subordinate or team member.

Trusting Relationships

Trusting Relationships are connections between individuals or groups that are characterized by trust, reliability, and confidence in each other's integrity and abilities.

Team Member Extraversion

Describes the extent to which a team member possesses outgoing, energetic, and sociable behaviors within a team setting.