Which of the Following Statements Regarding Secondary Authorities Is True

question 67

Multiple Choice

Which of the following statements regarding secondary authorities is true?

• A)Most secondary authorities are published by the federal government.
• B)Secondary authorities should never be cited as the authority for final research conclusions.
• C)Secondary authorities should always cite primary authority to support conclusions about the application of the tax law.
• D)None of the above statements is true

---

Definitions:

Portfolio

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.

Stock C

This term is not specific; it might be a placeholder name for a hypothetical or specific stock used for analysis.

Beta

A measure of a stock's volatility in relation to the overall market; it indicates the tendency of a stock's returns to respond to swings in the market.

Portfolio

A group of investment assets held by either a person or a corporate entity.