Which of the Following Taxes Is Not a Significant Source

question 54

Multiple Choice

Which of the following taxes is not a significant source of revenue for local governments?

• A)Real property tax
• B)Personal property tax
• C)Employment tax
• D)All of the above

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Definitions:

Process Innovation

Refers to the implementation of a new or significantly improved production or delivery method.

Product Innovation

The process of developing and bringing a new product or an improved version of an existing product to the market.

Economics of Scale

Benefits in cost efficiency that organizations achieve through their operation size, leading to reductions in unit cost as the scale grows.

Diffusion

The process by which an innovation, idea, or trend spreads within a population or from one society to another.