The Following Is Not a Characteristic of a Tax

question 9

Multiple Choice

The following is not a characteristic of a tax.

• A)it is a compulsory payment
• B)every tax involves a sacrifice by tax payer
• C)there is a quid-pro-quo between the tax payer and the government.
• D)refusal to pay tax is a punishable offence.

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Definitions:

Conventional Brokers

Intermediaries that facilitate transactions between buyers and sellers within traditional markets.

Grocery Industry

The sector of the economy that includes retailers and producers of food and other household supplies sold directly to consumers.

Brokers

Independent firms or individuals whose principal function is to bring buyers and sellers together to make sales.

Independent Firms

Businesses that operate on their own, without affiliations to larger corporate structures or networks.