Which of the Following Best Describes the Case When Taxes

question 112

Multiple Choice

Which of the following best describes the case when taxes can be justified?

• A)Used by the government to clean up negative externalities and provide goods with positive externalities.
• B)Used by the government only to clean up negative externalities such as water pollution.
• C)Used by the government only to provide goods with positive externalities such as medical research.
• D)Used by the government to provide public goods such as national defense.

Understand the concept and implications of ethical dilemmas in professional environments.

Identify and analyze ethical issues related to discrimination and sexual harassment in the workplace.

Recognize ethical universalism and its application across cultures.

Articulate the significance of core values such as human dignity and basic rights in transcultural ethics.

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Definitions:

Sequential Method

An approach to cost allocation in which support department costs are allocated to other support and operating departments sequentially, one after another, based on a predetermined order.

Reciprocal Services

Services exchanged between departments within an organization, used in cost accounting to allocate service department costs to producing departments.

Reciprocal Services

Services exchanged between departments within an organization or between companies without direct monetary payment, often valued and accounted for through internal mechanisms.

ABC

An abbreviation for Activity-Based Costing, a method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.