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:

MAX Function

A mathematical function used in programming and spreadsheet applications to find the maximum value in a set of numbers.

Order of Operations

A set of rules used in math to determine which calculations to perform first in an expression.

Relative Cell References

Relative cell references in spreadsheets are cell addresses that change when a formula is copied to other cells, adjusting based on the formula's new location.

Point Mode

In spreadsheet applications, a mode that allows the user to select cells or ranges by using the mouse to point and click rather than typing cell references.