An Organization Has Recorded the Following Profit and Expenses: Profit

question 110

Multiple Choice

An organization has recorded the following profit and expenses: Profit before interest and tax $200,000 Sales $2,300,000 Purchases of materials $700,000 Interest expenses $30,000 If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?

• A) $34,000
• B) $51,000
• C) $60,000
• D) $320,000

Recognize the importance of reinforcement schedules in shaping behaviors.

Describe the impact of locus of control on motivation and behavior.

Identify the role of behavior modification techniques in improving behaviors.

Explain the process and effects of socialization on individuals.

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Definitions:

Continental Congress

A convention of delegates from the Thirteen Colonies that became the governing body of the United States during the American Revolution.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the U.S. Constitution in 1789 due to its inadequacies in governing the new nation.

Unanimous Vote

A unanimous vote occurs when all members of a decision-making body agree on a particular decision or motion without any dissent.

Constitutional Convention

A formal gathering for the purpose of creating or amending a constitution.