Examlex
A customer complaint should most likely be viewed as a(n):
A)lost sale in the future due to customer frustration and anger
B)opportunity to prove the firm's commitment to service
C)problem that will require attention in the future
D)issue associated with a single department
E)misperception on the part of the customer
Deferred Tax Liability
A tax obligation that arises when taxable income and accounting income differ, to be paid in future periods when those differences reverse.
Effective Income Tax Rate
The average rate at which an individual's or corporation's pre-tax income is taxed, calculated by dividing the total tax expense by the taxable income.
Deferred Tax Liability
A tax obligation that a company owes but does not have to pay until a future date, often due to temporary differences between accounting and tax rules.
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