George's Case Was Handled Under the "Small Tax Case Procedure

question 28

Multiple Choice

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?

• A)There is no appeal.
• B)He can appeal the case, but only if the amount of tax involved is greater than $5,000.
• C)He would appeal first to the U.S. Court of Appeals for the Federal Circuit.
• D)He would appeal first to the U.S. Court of Federal Claims.

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Definitions:

Revocability

The characteristic of being able to cancel, withdraw, or annul something previously granted or decided.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house.

Core Competency

A set of knowledges and skills that make the organization superior to competitors and create value for customers.

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.