The Act of Oversight and Direction for an Organization Is

question 95

Multiple Choice

The act of oversight and direction for an organization is referred to as

• A) corporate lawmaking.
• B) centralized control.
• C) organizational direction.
• D) establishing norms.
• E) governance.

---

Definitions:

FICA Taxes

Taxes collected under the Federal Insurance Contributions Act that fund Social Security and Medicare programs.

Regressive

Pertaining to a tax system in which the tax rate decreases as the taxable amount increases, commonly considered less fair because it imposes a heavier burden relative to income on those with less.

Progressive

Pertaining to a taxation system in which the tax rate increases as the taxable amount increases, imposing a higher percentage rate on the wealthy to ensure equity.

Consumption Tax

A tax on the purchase of goods or services, levied at the point of sale, designed to tax spending rather than income or savings.