Which of the Following Describes Sharp Practices of Business

question 17

Multiple Choice

Which of the following describes sharp practices of business?

• A) business dealings meant to obtain a benefit for a person or firm regardless of the means used
• B) business exchanges where the manufacturer and consumer are the same
• C) business plans that also take social responsibility into account
• D) business practices that are ethical and moral

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Definitions:

Excise Tax

Taxes applied to specific goods, services, or activities, either as a flat amount per unit or as a percentage of the price.

Direct and Indirect

Terms used to differentiate between costs, taxes, or subsidies that are explicitly linked to the production or sale of a good (direct) and those that are not directly linked but influence economic outcomes (indirect).

Federal Expenditures

Spending by the federal government of a country, including costs for defense, welfare, infrastructure, and other public services.

Income Security

A social welfare concept ensuring individuals have a basic level of income to cover essential needs.