All of the Following Statements Are True Except

question 99

Multiple Choice

All of the following statements are true except

• A)once adopted,an accounting period normally cannot be changed without approval by the IRS.
• B)taxpayers who change from one accounting period to another must annualize their income for the resulting short period.
• C)taxpayers filing an initial tax return are required to annualize the year's income and prorate exemptions and credits.
• D)an existing partnership can change its tax year without prior approval if the partners with a majority interest have the same tax year to which the partnership changes.

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Definitions:

Downward Communication

The flow of information from higher levels of organizational hierarchy to lower levels, often involving directives and updates.

Filtering

The process of selectively presenting, withholding, or modifying information or messages in communication.

Chain of Command

A system in organizations where authority and responsibility flow from the top ranks down to the lower ranks in an orderly and clear manner.

Ineffective Communication

The inability to convey information or express thoughts clearly and efficiently, leading to misunderstandings or failed message transmission.