Americans Are Employed in Diverse Industries That Range in Size

question 24

Multiple Choice

Americans are employed in diverse industries that range in size. Which of the following types of industries are noted for high degrees of hazards associated with the work?

• A) Data entry, animal rescue, and hospice
• B) Engineering, science, and laboratories
• C) Manufacturing, mining, and agriculture
• D) Aeronautics, plastics, and nursing

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Definitions:

Ordinary Expense

Regular and necessary costs incurred in running a business that are tax-deductible.

Taxpayer's Business

Refers to any enterprise or activity undertaken by an individual with the intention of earning profit.

Depreciation

The method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over time.

Tangible Asset

Physical assets such as real estate, equipment, and inventory, distinguished from intangible assets like patents and copyrights.