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:

Pure Chase Strategy

A demand matching or production strategy where output is adjusted to match the demand exactly, with no inventory buffer.

Demand Requirements

The specific quantities of products or services that a market or customer base needs over a particular period.

Pure Level Strategy

A production strategy where the output levels are kept constant despite fluctuating demand, aiming at minimizing changes in production rates.