The Carrot and Stick Approach Can Be Traced Back to the British

question 42

True/False

The carrot and stick approach can be traced back to the British Seven Years' War.

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Definitions:

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business.

Merchandisers

Businesses that purchase goods for resale at a profit, dealing primarily in tangible products that are marketed to consumers or other businesses.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account; also refers to the provision of resources based on a trust agreement.

Sales Tax

A tax imposed by governments on the sale of goods and services.