Examlex
Vertical equity states that taxpayers with a greater ability to pay taxes should contribute a decreasing proportion of each increment in income to taxes.
Physical Assets
Tangible and material assets such as buildings, machinery, and equipment owned by a business.
International Environment
The global context within which organizations operate, including economic, social, cultural, and political factors.
Future Orientation
The degree to which individuals or organizations plan for and consider future outcomes in their decision-making processes.
National Culture
The set of norms, behaviors, beliefs, and customs that exist within the population of a sovereign nation.
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