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According to Smith and Hamon which of the following is NOT an assumption of the family ecological framework?
Tax Avoidance
Tax avoidance involves legally exploiting the tax system to reduce tax liabilities, such as through deductions and credits, as opposed to tax evasion, which is illegal.
Tax Loss
Tax loss refers to a situation where business expenses exceed its incomes, which can be used to offset other taxable income.
Economies of Scale
Cost advantages a business obtains due to expansion, characteristically causing a decrease in fixed costs per unit of production.
Conglomerate Mergers
Conglomerate mergers involve companies from unrelated business activities or industries merging, often to diversify business operations and risk.
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