Identifying the Key Resources and Capabilities Is the First Step

question 30

True/False

Identifying the key resources and capabilities is the first step in analyzing their strategic importance.

Recognize the role of social insurance taxes and their earmarking for social programs.

Understand the concepts of tax efficiency, evasion, avoidance, and equity.

Acknowledge the significance of administrative burden and deadweight losses in a tax system.

Grasp the differences in revenue sources and spending priorities between federal and state/local governments.

---

Definitions:

Common-Sense View

The perspective that intuitions or beliefs held by the majority of people are correct, even without specialized knowledge or scientific evidence.

James-Lange Theory

A theory of emotion that suggests emotions occur as a result of physiological reactions to events.

Polygraph Test

A procedure that measures and records several physiological indicators such as blood pressure, pulse, and skin conductivity while the subject answers questions, used to infer truthfulness.

Overall Arousal Levels

A general state of alertness or activation of the nervous system, affecting physical and psychological responses.