_____ Is a Term That Describes an Organization That Uses

question 9

Multiple Choice

_____ is a term that describes an organization that uses knowledge as a basis for competitive advantage.

• A) Learning organization
• B) Customer-focused organization
• C) Service industry
• D) Cottage industry

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Definitions:

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.

Excise Tax

A tax levied on the manufacture, sale, or consumption of certain products or activities, often specific to certain goods like tobacco, alcohol, and fuel.

Deadweight Loss

The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Consumer Surplus

The contrast between the total price consumers aim and are capable of paying for a good or service and the price they actually pay.