The Property Tax Rate Expressed in Tenths of a Cent

question 68

True/False

The property tax rate expressed in tenths of a cent per hundred dollars of assessed valuation is called the mill rate.

---

Definitions:

Just-In-Time Inventory

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Inventory Levels

A measure of the quantity of goods and materials on hand in a business at any given time.

Planning

The process of defining goals, establishing strategies, and outlining tasks and schedules to achieve the goals.

Human Resources

The department within a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.