An Organization's Stockholders,its Suppliers,its Employees,its Customers,and Society at Large All

question 217

Multiple Choice

An organization's stockholders,its suppliers,its employees,its customers,and society at large all share what in common with regard to an organization?

• A)All are stakeholders and should benefit from the marketing of an organization's offering.
• B)Everyone has a say in the ultimate design of a product.
• C)Everyone is legally culpable if something goes wrong with a product.
• D)All have to make some type of direct financial investment in the organization so it can profitably sell its products.
• E)All use the products and/or services marketed by the organization.

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Definitions:

Proportional Tax

A tax system where the rate of tax is constant regardless of the amount subject to tax, meaning everyone pays the same percentage of their income.

Local Tax

Taxes imposed by local government entities, such as cities or counties, typically used to fund local services like schools, roads, and public safety.

Business Property

Assets owned by a business, including physical property like real estate and equipment, as well as intangible assets like intellectual property.

Benefits-Received Principle

A theory in taxation that believes individuals should be taxed based on the level of government services they consume.