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The Major Shortcoming of the Instinct Concept Is That __________

question 104

Multiple Choice

The major shortcoming of the instinct concept is that __________.


Definitions:

Assessed Value

The dollar value assigned to a property for purposes of measuring applicable taxes or the value of a property as determined by an appraisal method by a public tax assessor.

Mill Rate

A tax rate applied to property value, with one mill representing one-tenth of a cent ($0.001).

Revenues

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Fraction

A mathematical formula that signifies dividing one value by another.

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