The _____ Is a Series of Activities That an Organization

question 79

Short Answer

The _____ is a series of activities that an organization performs to transform inputs into outputs in such a way that the value of the input is increased.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Public Sector

The part of the economy composed of government services and institutions, funded and operated by the government.

Domestic Output

Domestic output, also known as gross domestic product (GDP), is the total value of all goods and services produced within a country's borders in a specific time period.

Federal Government Revenue

The income the federal government receives from taxes, fees, and earnings from its investments, used to fund public services and obligations.