The Purpose of the SBA's SCORE Program Is to Evaluate

question 102

True/False

The purpose of the SBA's SCORE program is to evaluate the managerial performance of small businesses and then to assign scores that are used to determine the amount of loans that individual businesses can obtain.

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Definitions:

Regressive Income Tax

A tax system where the tax rate decreases as the taxpayer's income increases, placing a higher relative burden on lower-income earners.

Laffer Curve

A theoretical representation of the relationship between government revenue raised by taxation and the rate of taxation, suggesting an optimal tax rate for maximizing revenue.

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount increases, meaning higher income earners pay a larger percentage of their income in taxes compared to lower income earners.

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount increases, placing a higher financial burden on wealthier individuals.