Which of the Following Statements Is the Best Example of a Buyer

question 9

Multiple Choice

Which of the following statements is the best example of a buyer offering their own requirements?

• A) Our computer specialist must confirm that this new inventory system will work with our accounts receivable program.
• B) Oh good, that cherry color matches the décor in our waiting room.
• C) I like the way your company responds to service requests.
• D) This software is much better than the one we are currently using. It will make it much easier to process customer data.
• E) Do you have training facilities for our staff?

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Definitions:

Progressive Tax

At the individual level, a tax whose average tax rate increases as the taxpayer’s income increases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) rises with GDP.

Average Tax Rate

Total tax paid divided by total taxable income or some other base (such as total income) against which to compare the amount of tax paid. Expressed as a percentage.

Highly Progressive

A tax system in which tax rates increase significantly as income or wealth rises.

Federal Spending

Expenditures by the federal government, which can include spending on defense, social security, health care, and infrastructure, among others.