The Tax That Is a Major Source of Revenue for Local

question 16

Multiple Choice

The tax that is a major source of revenue for local governments is called a(n)

• A) Estate tax.
• B) Excise tax.
• C) Income tax.
• D) Real estate property tax.
• E) Sales tax.

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Definitions:

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Substantial Decentralization

The process or policy of distributing or dispersing functions, powers, people, or things away from a central location or authority.

Horizontal Specialization

Division of labor where tasks are divided into specialized jobs or roles at the same level in an organizational hierarchy.