What Is the Basis of Artistic Works That Have Been

question 117

Multiple Choice

What is the basis of artistic works that have been gifted to another by the creator?

• A)Artistic works are capital assets to the creator if they are sold to an unrelated person.
• B)Artistic works are not capital assets for the creator or the recipient of the artistic works if given as a gift.
• C)Artistic works are capital assets if they were available for sale in an art gallery.
• D)Artistic works are not capital assets for the creator but are capital assets in the hands of the recipient if the creator gave the artistic works as a gift.

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Definitions:

Nussbaum's

Pertains to the philosophical ideas of Martha Nussbaum, especially her work on capabilities and human development.

Greatest Happiness Principle

The ethical principle that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness, core to Utilitarian philosophy.

Utility

In economics and philosophy, the measure of satisfaction or benefit that an individual receives from a choice or action; in utilitarianism, it's the overall happiness or good produced.

Double Effect

An ethical principle that allows actions which have two effects: one intended and good, and the other unintended and potentially harmful, under certain conditions.