During the Initial Year That a Group Elects to File

question 41

True/False

During the initial year that a group elects to file a consolidated tax return, it may, prior to the extended due date of the return, revoke its election and file separate tax returns.

---

Definitions:

Customer Satisfaction

The degree to which a product or service meets or exceeds the customer's expectations.

Reengineering

A process of radically redesigning an organization's processes, systems, and structure to achieve significant improvements in performance, efficiency, and service.

Complex Processes

Processes that are characterized by difficulty, intricacy, or involving multiple interrelated elements.

Survey Feedback

A method of gathering data from respondents and then providing them with the results for purposes of insight, reflection, or initiating change.