Severance Taxes, as a Source of State Revenues, Are Popular

question 19

Multiple Choice

Severance taxes, as a source of state revenues, are popular

• A)because they exempt natives from the tax.
• B)with resource-rich states, but the rates are fully controlled by the national government.
• C)in states like Virginia and Washington, but unused in Alaska and Wyoming because of a decline in the price of natural resources.
• D)in states that have a lot of natural resources.

---

Definitions:

Buying Division

is a department within an organization responsible for purchasing goods and services the organization needs.

Selling Division

The division or part of an organization responsible for selling the company's products or services to customers.

Transfer Price

The price charged for goods, services, or intellectual property when these are exchanged between divisions within the same company.

Division Using

Refers to the allocation or utilization of resources or responsibilities among different departments or sectors within an organization.