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________ Is a Philosophy of Continuous Improvement of Products and Processes

question 152

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________ is a philosophy of continuous improvement of products and processes.


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.

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