Identify One of the Benefits Associated with Procuring Software from Application

question 101

Multiple Choice

Identify one of the benefits associated with procuring software from application service providers.

• A)Lower cost.
• B)Scalability.
• C)Greater effectiveness.
• D)Faster processing speed.

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Definitions:

Marginal Tax Rate

The rate at which tax is charged on an additional dollar of income.

Average Tax Rate

The ratio of the total taxes paid to the total taxable income, showing the portion of income that goes to taxes.

Income

Financial gains, usually received at consistent intervals, from employment or investing.

Benefits Principle

A taxation theory suggesting that people should be taxed based on the benefits they receive from government services.