Assume That a Product Has the Following Three Stages of Production

question 39

Multiple Choice

Assume that a product has the following three stages of production: If the value-added tax (VAT) rate is 25%, what would be the VAT over all stages of production?

• A)€187.50
• B)€120
• C)€150
• D)€225

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Definitions:

1960s

A decade known for significant cultural and social change worldwide, often associated with civil rights movements and counterculture.

Behaviour

The way in which one acts or conducts oneself, especially towards others.

Variations

Differences or deviations in characteristics, form, or behavior among individuals from a common group or within a system.

Cannabis

A plant genus that includes species used for hemp production, as well as those that produce marijuana, known for its psychoactive properties.