Match Each of the Following Items with the Appropriate Description

question 79

Multiple Choice

Match each of the following items with the appropriate description in determining whether sales/use tax typically must be collected.
-A garment purchased by a self-employed actress.

• A)Taxable
• B)Not taxable

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Definitions:

Multinational Corporations (MNCs)

Companies that operate in multiple countries beyond their home country.

Operations

The day-to-day activities involved in running a business to produce goods or services.

Direct Quote

A quote in foreign exchange markets that specifies the domestic currency price for one unit of a foreign currency.

Political Risk

The risk associated with changes in government policy which may negatively affect domestic and foreign businesses.