Which of the Following Is True of Revenue Rulings

question 11

Multiple Choice

Which of the following is true of revenue rulings?

• A)Lower courts are bound by them.
• B)They are a subset of Treasury Regulations.
• C)Once affirmed by an appellate court, they have the force of law.
• D)Although they represent the official policy of the IRS, courts may overrule them.
• E)All of the above.

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Definitions:

Collective Leadership

Involves the shared exercise of leadership roles and responsibilities among members of a group or organization, fostering collaboration and distributed decision-making.

Idiosyncrasy Credits

The leeway or tolerance granted to individuals for deviating from group norms due to their previously established competence or contributions.

Followership

The behaviors and attitudes of individuals who follow and support their leaders, highlighting the importance of active and effective participation in a leadership context.

Implicit Followership Theories

Individual beliefs or assumptions about the traits and behaviors that characterize followers, affecting leadership interaction and expectations.