Which of the Following Is the Correct Answer to the Question

question 48

Multiple Choice

Which of the following is the correct answer to the question: Why do smokers pay almost all the taxes assessed on cigarettes? I. Because they are addictive, the demand for cigarettes is relatively elastic when compared to the supply curve of cigarettes. II. Because they are addictive, the demand for cigarettes is relatively inelastic when compared to the supply of cigarettes. III. Cigarette manufacturers can very easily escape a state tax by selling in a different state.

• A) I only
• B) II only
• C) I and III only
• D) II and III only

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Definitions:

Job Descriptions

A formal document that outlines the essential responsibilities, qualifications, and duties of a specific job position, serving as a foundation for hiring, performance evaluations, and role clarity.

Organic Structure

An organizational structure characterized by flexibility, decentralization of authority, minimal formal procedures, and encouragement of horizontal communication.

Organizational Structure

The framework that outlines how activities such as task allocation, coordination, and supervision are directed towards the achievement of organizational aims.

Decision Makers

Individuals or groups responsible for making choices that determine the course of actions to be taken.