According to Alfred Chandler (1977),big Business Could Be Justified,at Least

question 46

Multiple Choice

According to Alfred Chandler (1977) ,big business could be justified,at least in part,by

• A) a rapid rate of innovation among big firms.
• B) periodic recessions in which alert big businessmen buy out bankrupt firms and expand operations.
• C) a relatively low rate of bankruptcies among big firms.
• D) its ability to take advantage of scale economies-big business could best take advantage?of technology and economies resulting from large-scale production processes.

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Definitions:

Taxes

Mandatory financial charges or levies imposed by a government on individuals or businesses to fund public expenditure.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation, meaning all taxpayers pay the same percentage of their income.

Regressive Tax

A tax applied uniformly, taking a larger percentage of income from low-income earners compared to high-income earners.

Tax System

The set of laws and regulations that govern how taxes are collected from individuals, businesses, and other entities within a country or specific jurisdiction.