Skimming Is an Unethical Business Practice Involving

question 35

Multiple Choice

Skimming is an unethical business practice involving

• A)failure to report all income on tax returns.
• B)employees taking cash from the cash register.
• C)sales associates offering gifts and inducements to purchasers.
• D)managers of competing firms agreeing to charge high prices.

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Definitions:

Tariffs

Tariffs are taxes imposed by a government on imported goods, often used to protect domestic industries from foreign competition.

Domestic Consumers

People or families within a nation who buy products and services for their own consumption.

Domestic Suppliers

Businesses or individuals that produce and provide goods or services within the same country they operate.

Tax Revenue

The funds governments receive as a result of taxation.