A Customer Purchases $21 of Socks

question 249

Multiple Choice

A customer purchases $21 of socks. Calculate the percent sales tax if they were charged an additional $1.47 in sales tax.

• A)4%
• B)7%
• C)6%
• D)5%

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Definitions:

Limited Resources

The scarce availability of inputs required to produce goods and services, such as capital, labor, and raw materials.

Management Process

A systematic series of actions taken by managers to plan, organize, lead, and control an organization towards achieving its objectives.

Derailed Managers Study

Research focusing on managers who were successful in their careers but eventually failed to meet organizational expectations due to various reasons like poor interpersonal skills or inability to adapt.

Resources Required

The materials, funds, personnel, and other items necessary to carry out a project, task, or enterprise.