Which One of These Terms Is Defined as the Use

question 44

Multiple Choice

Which one of these terms is defined as the use of legitimate methods to reduce one's taxes?

• A)Tax evasion
• B)Tax avoidance
• C)Tax exemption
• D)Tax deferral
• E)Tax deduction

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Definitions:

Technology

The use of scientific insights for pragmatic objectives, particularly within the industrial sector.

Working Prototype

A preliminary version of a product that is functional enough to demonstrate its capabilities or to test key concepts.

Three-step Innovation

An approach or model for implementing innovation that typically involves stages of ideation, development, and execution.

New Product

An item or service that has been recently developed or introduced to the market.