In Reality, a Great Deal of Luck Is More Important

question 30

True/False

In reality, a great deal of luck is more important than thought and effort before a company's products or services ever successfully reach the market.

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Definitions:

Tax Base

The measure or value upon which a tax is levied.

Incidence

In economics, the allocation or distribution of a tax's economic burden between buyers and sellers.

Tax Rate Structure

The percentage of a tax base that must be paid in taxes—25 percent of income, for example.

Tax Base

The tax base is the total amount of income, property, assets, or other wealth that is subject to taxation by a taxing authority.