A Diverse Array of Organizations Make Up the Business Market

question 17

Multiple Choice

A diverse array of organizations make up the business market. These organizations can be broadly classified as:

• A)commercial enterprises, governmental organizations, and institutions.
• B)commercial enterprises, users, and governmental units.
• C)commercial enterprises, users, and original equipment manufacturers.
• D)producers and resellers of industrial products or services.
• E)upstream suppliers, users, and governmental units.

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Definitions:

Taxes in The U.S.

Various compulsory financial charges imposed by the government on individuals and organizations to fund public expenditures.

Proportional

Characterized by a constant relationship in degree or number between two variables.

Average Tax Rate

The proportion of total income that is paid as tax, calculated by dividing the total amount of tax paid by the total income.

Personal Income

The total amount of income earned by individuals from all sources, including wages, dividends, and interest, before taxes.