Answer:
c. A progressive tax on income.
Explanation:
Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. Then the following taxation systems would be consistent with this notion of fairness is a progressive tax on income.
A progressive tax is a taxing system in which the tax rate increases as the taxable amount increases.
"Progressive" as a terminology refers to the way the tax rate progresses from low to high, as income level increases.
Answer:
Flat organization
Explanation:
Flat organization is the organization or business which is structured with the few or no levels of the management among the staff level employees and the management.
Under this kind of the organization, supervision of the employees is less when promoting the involvement of the employees in the process of decision making.
Under this scenario, the company established a flat organization as eliminate the middle management.
Answer: D) economies of scale.
Explanation:
Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.
Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.
Answer:
The total recorded value of the items is 24,500
