A Trade Advantage with the Best Chance of Surviving Is

question 44

Multiple Choice

A trade advantage with the best chance of surviving is one based on

• A)worker know-how.
• B)technology.
• C)a monopoly of a resource.
• D)production efficiency.
• E)lack of a resource.

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Definitions:

Retaliation

Act of taking revenge or responding with similar negative actions towards someone who has caused harm.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, such as both state and federal taxes on the same income.

S Corporation

A special designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for tax purposes.

Dual Purpose Corporation

A business entity designed to operate for both profit and to achieve a social or charitable goal.