Which of the Following Statements Regarding Administrative Authorities Is False

question 73

Multiple Choice

Which of the following statements regarding administrative authorities is false?

• A) Private letter rulings are considered authoritative only for the taxpayer to whom they were issued.
• B) A technical advice memorandum is requested by a revenue agent or appeals officer during the examination or appeal of a taxpayer's return.
• C) Revenue procedures are considered secondary authority.
• D) Private letter rulings can only be obtained for a fee from the IRS.

Analyze the structure and interpretive flexibilities of language.

Recognize and define wisdom as a cognitive construct.

Understand the relationship between distance and mental scanning times.

Identify the factors affecting metacomprehension accuracy.

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Definitions:

Output Effect

The change in total output resulting from adjusting the production of one good in response to price changes, while holding utility constant.

Fixed Proportions

A production process where inputs are used in strict, unchangeable ratios.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.

Demand Curve

A graph displaying the relationship between the price of something and the quantity demanded at those prices.