The Major Characteristic That Is Used to Differentiate Among Types

question 116

Multiple Choice

The major characteristic that is used to differentiate among types of intermediaries is whether they:

• A) install exchange barriers such as location,time,and quantity
• B) create specialization of labor
• C) create economies of scale
• D) take title to the products they sell
• E) raise profit margins for independent middlemen

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Definitions:

Payroll of Scotland Company

The total amount of wages and salaries paid by Scotland Company to its employees.

Total Payroll Tax

The combined amount of all governmental taxes that an employer is required to withhold and/or pay on behalf of their employees, including federal, state, and local taxes.

Social Security Taxes

Taxes levied on both employers and employees to fund the Social Security program, used for providing retirement, disability, and survivor benefits.

Medicare Taxes

Taxes withheld from employees' paychecks and matched by employers to fund the Medicare program.