The Tax Court departs from its general policy of ruling uniformly for all taxpayers where
A) a U.S. District Court has ruled differently on the issue in the taxpayer's jurisdiction.
B) the U.S. Court of Federal Claims has ruled differently on the issue in the taxpayer's jurisdiction.
C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue.
D) the IRS has indicated that it will acquiesce.
C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue.
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Indicate whether the statement is true or false
When a general business partnership fails, the partners:
A. may be required to pay partnership debts from personal assets. B. are liable for losses equivalent to their own individual contributions. C. can waive their limited liability. D. lose only their investment.
To be effective, firms need to
A. pursue visions that are exclusively financial and not aspirational. B. isolate top managers from the organizational values. C. increase their strategic flexibility by developing product-oriented vision statements. D. back up their visions with strategic commitments that are costly and difficult to reverse.
The Consumer Financial Protection Bureau was created with the oversight authority necessary to ensure that
A) consumer financial markets work. B) the prices and risks for credit products and other consumer financial services are easy to understand. C) the prices and risks for mortgages, credit cards, and other kinds of financial products and services are clear. D) all of the above.