Which Is a Primary Source of Tax Law

question 24

Multiple Choice

Which is a primary source of tax law?

• A) J.W. Yarbo v. Comm., 737 F. 2d 479 (CA-5, 1984).
• B) Article by a Federal judge in Harvard Law Review.
• C) Determination letter.
• D) Letter ruling.
• E) All of the above are primary sources.

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Definitions:

Profit Maximization

is the process or strategy of adjusting a firm's production and sale operations to earn the highest possible profit.

Stakeholder Theory

A theory in corporate governance asserting that a company should consider and respond to the interests of all its stakeholders, not just shareholders.

Rights Theory

A set of philosophical principles focusing on the inherent rights of individuals, including moral, legal, and social claims.

Non Sequitur

A statement or conclusion that does not logically follow from the previous statement or conversation, often resulting in a logical fallacy.