Question

Suppose that Courtney frequently buys and sells land or develops land to sell in small parcels to those wanting to build homes. Would Courtney's activity be considered a business or investment activity?

A) Business Activity
B) Investment Activity
C) Neither Business nor Investment
D) Both Business and Investment

Answer 1

Courtney's activity would be considered Business Activity.

Step-by-step explanation:

In the given scenario, Courtney's activity would be considered Business Activity. Buying and selling land or developing land to sell in small parcels is a regular and repeated activity that is typically associated with a business. Courtney is engaging in this activity with the intention of making a profit, which is a key characteristic of a business.