The Value Added Tax (VAT) Has Not Had Wide Acceptance

question 36

True/False

The value added tax (VAT) has not had wide acceptance in the international community.

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Definitions:

Locally Installed Software

Computer programs that are downloaded and installed directly on a user's computer or server, as opposed to being accessed online.

Human Data-entry Technology

Refers to the process or systems where human operators input data into computer systems, databases, or applications.

Optical Mark Reader

A device used to read marks made on paper, such as the filled bubbles on multiple choice test papers, by sensing the presence or absence of marks at specific positions.

Point-of-sale Terminal

An electronic device used to process sales transactions at retail locations, accepting payment from customers in various forms.