Which of the Following Statements Is True

question 62

Multiple Choice

Which of the following statements is true?

• A)The federal government raises roughly the same amount of revenue from taxation as all state and local governments combined.
• B)The federal government raises more tax revenue than all state and local governments combined.
• C)State and local governments combined raise twice as much revenue from taxation as the federal government.
• D)State and local governments combined raise three times as much revenue from taxation as the federal government.
• E)State and local governments combined raise six times as much revenue as the federal government.

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Definitions:

Internal Benchmarking

The process of comparing business processes and performance metrics to the best practices from within the same organization.

Process Benchmarking

The process of assessing business methods and performance statistics by benchmarking them against the best practices in the industry or those adopted by other companies.

Industry Benchmarking

The process of comparing a company's performance metrics with those of the leaders in its industry to identify areas for improvement.

Balanced Scorecard

The Balanced Scorecard is a strategic planning and management system that uses financial and non-financial performance metrics to monitor and improve an organization’s performance.