Which Is True of Virtual Organizations

question 83

Multiple Choice

Which is true of virtual organizations?

• A)They need central offices for participants to contribute their expertise.
• B)They are networks of dependent companies and manufacturers connected via information technologies.
• C)They let independent suppliers share skills and have access to each other's markets via information technologies.
• D)They need an organizational hierarchy for participants to contribute their expertise.

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total income, showing the share of income that goes to taxes.

Income Tax System

The framework by which governments collect a percentage of income from individuals and businesses as tax, which varies according to earnings levels.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, representing the percentage of additional income that is paid in tax.

Tax Liability

The total amount of tax that an individual or a corporation owes to the government.