Types of Taxation
Choose the statements that CORRECTLY describe taxation in the United States
A Progressive Tax is one in which the percentage paid in tax increases as the level of income rises.
A Regressive Tax is one that takes a higher percentage of one's salary as one's income decreases.
A Proportional Tax is one that tends to higher income earners more than other groups.
A Regressive Tax tends to hurt low-income families more than middle- or high-income families.
The U. S. Federal Income Tax is mostly a proportional tax.
Most sales taxes in the United States can be classified as a Regressive Tax

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.