Which of the Following Statements Regarding Secondary Authorities Is True

question 67

Multiple Choice

Which of the following statements regarding secondary authorities is true?

• A)Most secondary authorities are published by the federal government.
• B)Secondary authorities should never be cited as the authority for final research conclusions.
• C)Secondary authorities should always cite primary authority to support conclusions about the application of the tax law.
• D)None of the above statements is true

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Definitions:

Unit Elasticity

A circumstance where the percentage variation in the quantity that is either demanded or supplied matches the percentage variation in its price.

Demand

The amount of a product or service that shoppers are ready and capable of buying at different price levels within a specific period.

Total Revenue

The sum of money a company earns from selling products or providing services in a specific time frame.