What Is the Main Advantage of Small Business That Helps

question 100

Multiple Choice

What is the main advantage of small business that helps retain effective employees who could earn more at a larger firm?

• A) Better pay and employee benefits
• B) Ability to adapt to change
• C) Simplified record keeping
• D) Limited ability to raise capital
• E) Personal relationships with employees

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Definitions:

Equity

Equity refers to fairness or justice in the way people are treated and involves ensuring equal opportunities and rights for all individuals.

Benefits Principle

A theory in taxation where taxes are apportioned according to the benefits received by taxpayers; those who benefit more from government services, pay more taxes.

Federal Government

The national government of a federal country, which holds the authority over matters that affect the country as a whole.

Horizontal Equity

The principle that individuals with similar incomes or circumstances should be taxed at the same rate.