-Reference Organization Chart 3

question 29

Multiple Choice

-Reference Organization Chart 3.2. The structure would bring strengths such as:

• A) product responsibility is clear and simple.
• B) economies of scale.
• C) suitability for an unstable environment.
• D) determining total cost of any given product is a straightforward hierarchical matter.

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Definitions:

Excise Tax

A tax on sales of a good or service.

Producers

Individuals or businesses that create and supply goods or services in the economy.

Tax Rate

The amount of tax people are required to pay per unit of whatever is being taxed.

Excise Tax

A tax levied on specific goods, services, or transactions, such as tobacco, alcohol, and fuel, usually to discourage consumption or raise government revenue.