An Excise Tax Is Often Used to Try to Influence

question 86

True/False

An excise tax is often used to try to influence behavior.

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Definitions:

Internal Control System

A process employed by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Risk of Loss

The potential for an investment's actual return to differ from the expected return, including the possibility of losing some or all of the original investment.

Profitable Operations

Operations within a business that generate more revenue than the costs incurred to perform them, leading to a profit.

Non-Computerized Systems

Systems or methods of operation that function without the use of computer technology, often manual or based on analog processes.