Assume That a Product Has the Following Three Stages of Production

question 65

Multiple Choice

Assume that a product has the following three stages of production: $\begin{array}{cc}\text { Production Stage } & \text { Selling Price } \\1 & € 1,00 \mathrm{C} \\2 & € 2,000 \\3 & € 3,000\end{array}$ If the value-added tax (VAT) rate is 20 percent,what would be the VAT over all stages of production?

• A)€150
• B)€600
• C)€350
• D)€225

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Definitions:

Talk

The act of engaging in verbal communication to express thoughts, ideas, or feelings.

Babbling Stage

Beginning around 4 months, the stage of speech development in which an infant spontaneously utters various sounds at first unrelated to the household language.

Telegraphic Speech

Telegraphic speech refers to the two-word phrases used by toddlers when learning to speak, which typically include only essential words to get their point across.

Adult Grammar

The set of structural rules governing the composition of sentences, phrases, and words in any given language as used by adults.