If a Business's Goals and Methods Are Consistent with Societal

question 26

Multiple Choice

If a business's goals and methods are consistent with societal values, it is considered

• A)legitimate.
• B)competitive.
• C)conventional.
• D)reactionary.
• E)cooperative.

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Definitions:

Incentive To Work

Factors, such as financial rewards or benefits, that motivate individuals to engage in employment.

Social Security Tax

A tax imposed by the government to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Personal Income Tax

A tax levied on individuals or households based on their income, including wages, dividends, and interest.

Regressive

This term usually applies to a tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.