According to the Text Book the Definition of a 3PL

question 22

Essay

According to the text book the definition of a 3PL is:

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Definitions:

Elects

The act of choosing or deciding on a particular option or course of action, often used in legal and financial contexts.

Terminate

To bring to an end; this can relate to employment, contracts, or services, among others.

Corporate Alternative Minimum Tax

A parallel tax system aimed at ensuring that corporations pay at least a minimum amount of tax, regardless of deductions or credits that would otherwise lower their tax bill.

Exemption Amount

This refers to a specific dollar amount that taxpayers can claim for themselves and their dependents to reduce taxable income.