Which of the Following Is a Characteristic of a Nonroutine

question 2

Multiple Choice

Which of the following is a characteristic of a nonroutine transaction?

• A)A business encounters this type of transaction on a regular, recurring basis.
• B)Required to have specific authorization
• C)Volume of transactions become second nature to the employees responsible.
• D)Specific authorization for the specific transaction is not necessary.

---

Definitions:

Tax Incidence

The distribution of the economic burden of a tax between buyers and sellers, depending on the elasticity of demand and supply.

Producers

Entities or individuals that create goods or services for consumption by consumers.

Excise Tax

A tax charged on specific goods, such as alcohol and tobacco, usually imposed to discourage certain behaviors or generate revenue.

Tax Burden

The distribution of tax payments among individuals or groups, often discussed in the context of equity and fairness.