What Do Successful Firms Have to Measure in Addition to Accounting

question 88

Multiple Choice

What do successful firms have to measure in addition to accounting profit?

• A)impact on revenue and employees
• B)impact on cost cutting and employees
• C)impact on the community and revenue
• D)impact on the community and employees

Identify and distinguish between progressive, regressive, and proportional tax schedules.

Analyze the impact of price elasticity on the distribution of tax burdens between buyers and sellers.

Predict the short-term and long-term effects of taxes on supply and demand.

Interpret graphs and tables to understand tax effects on markets.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Rent Control

Government policies that limit the amount landlords can charge for renting out their property.

Quality

The standard of something measured against other similar entities; it denotes how good or bad an object, product, or service is.

Supply And Demand

A fundamental economic model explaining the interaction between the quantity of goods supplied by producers and the quantity demanded by consumers.