In Determining Whether an Activity Should Be Classified as a Business

question 95

True/False

In determining whether an activity should be classified as a business or as a hobby, the satisfaction of the presumption (i.e., profit in at least 3 out of 5 years) ensures treatment as a business.

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Definitions:

Frustration-Aggression Hypothesis

A psychological theory suggesting that frustration often leads to aggressive behavior.

Aggression

Social behavior whose objective is to harm someone, either physically or verbally.

Obedience

Behavior that complies with the explicit demands of the individual in authority.

Altruism

A selfless concern for the well-being of others, often resulting in acts of kindness without expectation of personal benefit.