-Which of the Following Statements Is True

question 64

Multiple Choice

-Which of the following statements is true?

• A) Delta and Sigma must file a consolidated income tax return, but must exclude Pi from the consolidated return.
• B) Delta, Sigma, and Pi must file a consolidated income tax return.
• C) Delta, Sigma, and Pi must file separate income tax returns because the ownership of Sigma and Pi is less than 100%.
• D) Delta, Sigma, and Pi will probably not file a consolidated income tax return.
• E) Delta, Sigma, and Pi may file separate income tax returns or a consolidated income tax return.

---

Definitions:

Price Falls

A decrease in the cost of goods or services in the market.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating a significant response to price changes.

Sensitivity of Quantity

The responsiveness of the quantity demanded or supplied of a product to changes in its price or other factors.

Sensitivity of Price

The degree to which the price of a product or service impacts consumer demand or the quantity supplied.