Business Leaders Create Wealth by ________

question 23

Multiple Choice

Business leaders create wealth by ________.

• A) avoiding the cost of hiring employees
• B) reducing their gross margins
• C) hiring employees in order to sell more units and generate more profit
• D) charging high prices to customers

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Definitions:

Federal Government

The national government of a federation that holds authority over the central matters of governance, as distinct from regional or local governments.

Tax Revenue

The income that is gained by governments through taxation, which is then used to fund public services and infrastructure.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, along with certain younger people with disabilities.

Excise Taxes

Taxes paid when purchases are made on a specific good, such as gasoline or tobacco, often included in the price of the product.