The GST Can Be Described as A

question 12

Multiple Choice

The GST can be described as a:

• A)payroll tax
• B)excise tax
• C)consumption tax
• D)income tax

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Definitions:

Conditions

The set of circumstances or criteria that affect financial decisions or the outcome of investments.

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal circumstances.

Collateral

An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.