Answer:
expenditures and taxes
Explanation:
Fiscal policy refers to a government action to adjust taxes and expenditures to influence economic growth. Taxes are the main sources of income for the government. A rise in taxes increases revenue to the government but lower individual disposable income. High taxes discourage investments and business expansion.
Government expenditure in infrastructure and other projects creates employment and incomes in the economy. Reduced spending by the government may result in a lower aggregate demand. The government uses fiscal policies together with monetary policies to achieve its economic goals.
The term used from the income statement to calculate turnover is (b) Sales
<h3>How to determine the term?</h3>
The turnover of property plant & equipment and receivables is calculated using
Turnover = Sales ÷ Average Inventory
The dividend in the above equation is Sales
Hence, the term used from the income statement is (b) Sales
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Answer: The answer is HIGH CONTEXT Culture.
Explanation: High context culture refers to an implicit communication and nonverbal clues. It is a situation whereby a lot of unspoken communication is implicitly transferred during a communication.
In a high context culture, communication that has underlying context and meaning in the message is used. It goes beyond the spoken words but relies on the tone of the message.
A tour round a potential customers high class environment gives a clue of a high context culture as the customer is not verbal stating he is wealthy but implying it non verbally.
