Which of the Following Is an Advantage of a Value

question 108

Multiple Choice

Which of the following is an advantage of a value added tax (VAT)
Compared to a final tax on retail sales?

• A)The VAT may lead to higher revenue collected because even if no sales takes place, the government collects tax revenue at earlier stages of production.
• B)The VAT is a more equitable tax system because the tax burden is shared by every participant in the production process and by the final consumer.
• C)The VAT encourages productive behavior because each producer bears a smaller portion of the total tax imposed on a product.
• D)The VAT reduces a nation's trade deficit.

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Definitions:

Scope of Employment

Legal parameters defining the range of activities and responsibilities an employee is expected to perform as part of their job.

While Working

The state or condition of being engaged in a physical or mental activity to achieve a purpose or result during employment hours.

Notify the Coroner

The action of informing the coroner about a death, especially under circumstances that require a legal investigation.

Suspicious Circumstances

Situations or conditions that may indicate something wrong or unusual, possibly suggesting criminal activity or concern.