Organizations Such as Amazon

question 207

Multiple Choice

Organizations such as Amazon.com, Google, Facebook, and Priceline.com are examples of firms that are based on:

• A) digital technology.
• B) tangible output.
• C) direct contact with customers.
• D) mechanistic technology.
• E) products rather than services.

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Definitions:

Regressive Taxes

Taxes that take a larger percentage of income from low-income earners than from high-income earners, inversely related to the taxpayer's ability to pay.

Flat Tax

A tax system with a constant marginal rate, usually applied to individual or corporate income.

Federal Reserve Board

The governing body of the Federal Reserve System, which is responsible for setting monetary policy in the United States.

Tools

Devices or implements, often hand-held, used to carry out a particular function or task.