A Company That Sets Its Goals and Strategies Based on What

question 11

Multiple Choice

A company that sets its goals and strategies based on what the current plant equipment can produce,what products engineering can design,and what the company itself can do best,has which of the following types of orientation?

• A) exchange
• B) sales
• C) market
• D) production

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Definitions:

Lump-Sum Tax

A tax that is a fixed amount, regardless of the tax base's changes in size or value.

Benefits Principle

The concept that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.

Tax Burden

The measure of taxes that individuals or businesses must pay as a portion of their income or profit, reflecting the financial impact of taxation.

Antipoverty Programs

Government initiatives aimed at reducing poverty and improving living standards for the poor through financial aid, education, and job training.