The Use of Taxing and Spending Powers to Shape the Economy

question 62

Multiple Choice

The use of taxing and spending powers to shape the economy is part of ________ policy.

• A)fiscal
• B)monetary
• C)distributive
• D)redistributive

---

Definitions:

Supply Partnership

A strategic relationship between a buyer and supplier designed to achieve specific business objectives by maximizing the effectiveness of each participant's resources.

Sustainable Procurement

The acquisition process aimed at obtaining goods, services, and works in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.

Ecologically Sound

Practices or products that have minimal impact on the environment and promote sustainability.

Organizational Buying Behavior

The decision-making process by which formal organizations establish the need for purchased products and services, and identify, evaluate, and choose among alternative brands and suppliers.