Which of the Following Was Developed in 1927 to Supply

question 194

Multiple Choice

Which of the following was developed in 1927 to supply milk, eggs, and other products for customers replenishing their supplies?

• A) Supermarkets
• B) Convenience stores
• C) Discount stores
• D) Department stores
• E) Specialty stores

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Definitions:

Value-Added Tax (VAT)

A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.

Income Tax

A government levy on individuals' or corporations' earnings.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, indicating how much of any additional income will be taken as tax.

Lump-Sum Tax

A tax that is a set amount, no matter the taxpayer's income level or economic activity.