Purchases of Inventory for Resale Are Typically Exempt from Sales

question 108

True/False

Purchases of inventory for resale are typically exempt from sales and use taxes.

---

Definitions:

Habitat Degradation

The process by which a natural habitat becomes incapable of supporting its native species due to environmental pressures or human activities.

Maximum Sustained Yield

The largest yield or catch that can be taken from a species' stock over an indefinite period without causing stock depletion.

Commercially Valuable Stocks

Investments or goods that have significant market value and the potential to generate profit.

Turtle Exclusion Devices

Specialized equipment installed on fishing nets to allow turtles to escape and thus minimize bycatch in marine fisheries.