Identify Which of the Following Statements Is True

question 8

Multiple Choice

Identify which of the following statements is true.

• A)When applying the large corporation rules for purposes of determining underpayments, each member of an affiliated group is considered separately.
• B)The entire consolidated tax liability cannot be collected from one group member.
• C)Once consolidated tax returns have been filed for two consecutive years, the affiliated group must pay estimated taxes on a consolidated basis.
• D)All of the above are false.

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Definitions:

Factors Of Production

The inputs into the production process. Land, labor, and capital are the three key factors of production.

Diminishing Marginal Returns

A principle stating that as more of a variable input is added to a fixed input, the additional output gained from each new unit of input eventually decreases.

Productivity

The measure of the efficiency of a person, machine, factory, or system in converting inputs into useful outputs.

Technical Assistance

Support provided, typically in the form of expertise or training, to help organizations, countries, or businesses improve their performance.