All of the Following Are Advantages of Computer-Assisted Tax Research

question 60

Multiple Choice

All of the following are advantages of computer-assisted tax research (CATR) , except

• A)CATR sources use search engines that allow quick retrieval of sources.
• B)CATR sources are available on the Internet.
• C)CATR sources contain only secondary sources of tax law.
• D)CATR sources require less space and maintenance than print services.

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Definitions:

Investment Banking

A sector within banking that deals with the creation of capital for other companies, governments, and other entities, through underwriting or acting as the client's agent in the issuance of securities.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, beginning in the United States and spreading globally.

Gold Standard

A monetary system in which a country's currency or paper money has a value directly linked to gold, allowing for the conversion of currency into a fixed amount of gold.

Tennessee Valley Authority

A federally owned corporation in the United States created in 1933 to provide navigation, flood control, electricity generation, and economic development in the Tennessee Valley.