Sara and Jessica Text Back and Forth While Sara Is

question 84

Multiple Choice

Sara and Jessica text back and forth while Sara is shopping and Jessica is riding the bus to work. This is an example of:

• A) a synchronous interaction.
• B) an asynchronous interaction.
• C) utilitarian consumption.
• D) a consumption community.

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Definitions:

Ability-To-Pay Principle

This principle suggests that individuals should be taxed based on their ability to pay, regardless of the benefits they receive.

Equity Principle

A concept in finance that emphasizes fair distribution of wealth and assets, ensuring that financial transactions are conducted fairly and equitably.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or businesses to fund public expenditure.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation, meaning all taxpayers pay the same percentage of their income.