Which of the Following Statements Is Correct

question 52

Multiple Choice

Which of the following statements is correct?

• A)A tax levied on buyers will never be partially paid by sellers.
• B)Who actually pays a tax depends on the price elasticities of supply and demand.
• C)Government can decide who actually pays a tax.
• D)A tax levied on sellers always will be passed on completely to buyers.

Recognize signs of employee fraud within an organization.

Identify policies and procedures used for monitoring and controlling business activities.

Apply managerial and financial accounting principles to prepare key manufacturing financial statements.

Understand the fundamental differences and applications between the active and passive voice.

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Definitions:

External

Factors or influences originating outside a company or organization that can affect its performance and decision-making.

Societal Environmental Cost

A cost associated with environmental degradation or improvement, borne by society as a whole due to economic activities.

Oil-Spill Clean Up

Refers to the methods and technologies used to remove or mitigate the impacts of oil spills in the environment, often involving mechanical, biological, and chemical techniques.

Product Disposal

The process of safely getting rid of excess, obsolete, or defective goods in a manner that adheres to environmental and legal standards.