A Significant Difference Between Service and Manufacturing Operations Is

question 2

Multiple Choice

A significant difference between service and manufacturing operations is

• A) The amount of customer contact involved
• B) The expense of providing the product
• C) The number of sales involved
• D) The length of time required for production

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Definitions:

Ability-To-Pay

A tax principle that holds that taxes should be levied on individuals based on their capacity to pay, typically reflected in their income or wealth levels.

Ability-To-Pay Principle

The principle of tax fairness by which those with greater ability to pay a tax should pay more tax.

Ability-To-Pay

A concept in taxation that taxes should be levied according to an individual or entity’s ability to shoulder the tax burden.

Lump-Sum Tax

A tax that is the same for everyone, regardless of any actions people take.