Regarding Technical Advice Memoranda, Which Statement Is Incorrect

question 28

Multiple Choice

Regarding Technical Advice Memoranda, which statement is incorrect?

• A) Issued by the National Office of IRS.
• B) Most often deal with a completed transaction.
• C) May be cited and used as precedent.
• D) Issued with multi-digit file numbers.
• E) None are incorrect.

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Definitions:

Geographic Immobility

A situation where individuals or factors of production are unable to move freely from one location to another, often leading to inefficiencies in labor markets.

Noncompeting Groups

Collections of workers who do not compete with each other for employment because the skill and training of the workers in one group are substantially different from those of the workers in other groups.

Collective Bargaining

The negotiation of labor contracts between labor unions and firms or government entities.

Lockout

A negotiating tactic in which a firm forbids its unionized workers to return to work until a new collective bargaining agreement is signed; a means of imposing costs (lost wages) on union workers.