Many Years Ago Someone Developed an Item That Was Simply

question 77

Multiple Choice

Many years ago someone developed an item that was simply a small rock inside a box with holes. The person earned large profits from selling "pet rocks." Which of the following theories on the source of profits best describes the reason behind this success?

• A)Uncertainty is a source of profits.
• B)Profit is the reward for alertness to arbitrage opportunities.
• C)Profit is the return to the entrepreneur as innovator.
• D)There's a sucker born every minute.
• E)Sometimes all that it takes is to be in the right place at the right time.

Understand and apply strategies to de-emphasize negatives in business messages.

Grasp the principles of conveying a you-attitude in professional communication.

Comprehend the importance of bias-free language in fostering an inclusive and respectful workplace environment.

Identify gender-neutral and non-sexist communication practices.

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Definitions:

Progressive Tax

A tax system where the tax rate increases as the taxable income or base increases, leading to a higher tax burden on wealthier individuals or entities.

Cigarette Tax

A levy imposed by governments on the sale of cigarettes to reduce consumption and generate revenue, often used for public health initiatives.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation.

Vertical Equity

A principle of fairness in taxation that dictates taxpayers with a greater ability to pay should contribute more in taxes.