The Letter UPC, When Relating to Bar Codes, Stands For

question 57

Multiple Choice

The letter UPC, when relating to bar codes, stands for:

• A)United Price Code
• B)Universal Product Code
• C)Unity Product Cost
• D)Ulterior Price Company

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Definitions:

Operating Costs

Expenses associated with the day-to-day functions of a business.

Depreciation Tax Shield

A reduction in taxable income resulting from the ability to deduct depreciation expenses, thereby lowering the tax liability for a business.

CCA Deduction

Stands for Capital Cost Allowance deduction, a tax deduction in certain jurisdictions that allows businesses to deduct the depreciated value of capital assets.

Corporate Tax Rate

The tax rate imposed on the net income of a corporation by the government.