A Person Who Consumes a Plant-Based Diet but Occasionally Consumes

question 77

Multiple Choice

A person who consumes a plant-based diet but occasionally consumes meat is:

• A) a Mediterranean.
• B) a flexitarian.
• C) a quasi-carnivore.
• D) a quasi-vegetarian.
• E) a pescatarian.

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.

Valuation Allowance

Valuation Allowance is an accounting procedure that reduces the value of a deferred tax asset if it is unlikely that the business will use the tax asset in the future.

Deferred Tax Asset

A tax reduction amount that can be used to offset future tax liabilities.

Income Tax Rate

The fraction of income that individuals or businesses must pay as taxes.