An Excise Tax

question 189

Multiple Choice

An excise tax

• A) acts as a negative incentive to consume that good or service.
• B) is illegal in Florida, Georgia, and Alaska.
• C) is often used to encourage the use of a good.
• D) is a value added tax (VAT).

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Definitions:

Flexible Technology

Systems or equipment that can easily adapt to changes in production volume, design, or process, enhancing a company's ability to respond to market changes.

Facility Costs

Expenses associated with the physical means through which a company operates, such as rent, utilities, and maintenance of buildings and equipment.

Tariffs

Taxes or duties to be paid on a particular class of imports or exports, affecting the price and demand for goods.

Logistics

The management of the flow of goods, services, and information between the point of origin and the point of consumption to meet customer or corporate requirements.