Which of the Following Has the Lowest Authoritative Weight

question 64

Multiple Choice

Which of the following has the lowest authoritative weight?

• A)Legislative regulation
• B)Private letter ruling
• C)Revenue ruling
• D)Interpretative regulation
• E)Revenue procedure

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Definitions:

Economic Actors

Individuals, households, businesses, and governments that make decisions about the allocation of resources and engage in the production, distribution, and consumption of goods and services.

Psychology of Human Behavior

The study of individuals' thoughts, feelings, and behaviors and how they are influenced by physical, mental, social, and environmental factors.

Economics

The social science that studies the production, distribution, and consumption of goods and services, and how individuals, businesses, and governments make decisions on allocating resources.

Economic Issues

Problems or challenges facing an economy, ranging from unemployment to inflation, affecting the well-being of its citizens.