The Tax That Generates the Greatest Proportion of Government Revenue

question 35

Multiple Choice

The tax that generates the greatest proportion of government revenue in Canada is

• A)the income tax.
• B)the goods and services tax.
• C)the property tax.
• D)the provincial sales tax.
• E)the payroll tax.

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Definitions:

Vertical Integration Mechanisms

Strategies used by companies to control or own their suppliers, distributors, or retail locations to streamline production and reduce costs.

Flatter Organization

Describes a company structure with few or no levels of middle management between staff and executives, enhancing decision-making and communication.

Horizontal Differentiation

The division of tasks, functions, or roles within an organization at the same hierarchical level to create specialization.

Organizational Hierarchy

The arrangement of individuals within an organization according to power, status, and job function, creating a structured chain of command.