Which of the following illustrates a situation of passive activity participation?

Passive activity participation refers to a situation in which an individual is involved in a business or investment without significantly managing or controlling its operations. This typically means that the individual does not engage in the day-to-day management or decision-making processes of the business.

Choosing the situation where someone is involved occasionally in planning meetings aligns perfectly with the concept of passive activity participation. This individual does not take a hands-on role in the daily operations and instead has limited involvement, which is characteristic of passive investors or participants. They may contribute to discussions or strategic decisions but are not responsible for the execution of those decisions or the management of the business.

In contrast, options that depict extensive involvement in operational decisions, daily management, or active investment with delegated management indicate a high level of engagement and responsibility, which does not align with the definition of passive participation. These roles are marked by active decision-making and a strong presence in operational activities, distinguishing them clearly from passive involvement.