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Without Middlemen Like Travelocity

question 74

Multiple Choice

Without middlemen like Travelocity.com,Orbitz.com,and other travel Web sites,a consumer would have to check all airline Web sites in order to find the flight with the best connection or lowest price.The introduction of middlemen in business models is an example of ________.


Definitions:

Average Tax Rate

The proportion of total income paid in taxes, calculated by dividing total tax amount by total income.

Circular 230

Regulations and guidelines issued by the US Department of the Treasury for tax professionals regarding practice before the IRS.

Certified Public Accountants

Licensed accounting professionals who have passed the CPA examination and met state certification and experience requirements, skilled in areas such as audit, tax, and financial consulting.

Enrolled Agents

Tax professionals licensed by the federal government to represent taxpayers in matters regarding the Internal Revenue Service (IRS).

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