Which Type of Tax Is Imposed on Specific Goods and Services

question 72

Multiple Choice

Which type of tax is imposed on specific goods and services at the time of purchase?

• A) Estate
• B) Inheritance
• C) Excise
• D) General sales
• E) Value-added

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.

Articles

Legal documents outlining the constitution and regulations of a corporation or organization.

Self-managed Teams

A group of employees tasked with planning, scheduling, and managing their own work with minimal direct supervision.

First-line Supervisors

are managers who directly oversee the work of non-managerial employees, serving as the initial layer of management within an organization.