The Phase "Ordinary and Necessary" Has Been Defined to Mean

question 98

True/False

The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable to the conduct of a business.

---

Definitions:

Fences and Locks

Physical security measures used to protect property and deter unauthorized access.

Social Design

The practice of creating social environments and structures to address societal issues and improve community well-being.

Prosocial Interactions

Positive social behaviors that are intended to help or benefit others, such as sharing, comforting, or cooperative actions.

Compatible

Capable of existing or working together in harmony without conflict or inconsistency.