Answer: Option C
Explanation: In simple words, critical dilemma refers to the confusions and problems that may arise and are pretty hard to solve.
While implementing fiscal policies in an economy the authorities must have proper information however the information takes time and cost to get collected and processed.
This situation is called information lag and is a critical dilemma as the individuals in authority have to decide whether to go for information processing and collecting or not.
The primary advantages for most companies entering the realm of franchising are capital, speed of growth, motivated management, and risk reduction
Answer:
<u>b. Sales tax in a state with no income tax</u>
Explanation:
- Under the laws of the united states, itemized deductions are eligible expenses that an individual taxpayer can claim on federal income if available.
- Based on there taxable incomes the taxes can be deduced and the sales taxes with no income tax do not come under the deductible tax.
- The list of expenses can also be itemized by there are limited to the tax year.
Answer: Production Method
Explanation: Gross domestic product, also known as GDP, calculates the total value of products and sevices that are produced in an economy. This in turn measures the total income of a country.
The method that applies in this scenario is the production method. This method focuses on goods, by looking at its final value after deducting the input costs, also known as intermediate goods. Input costs (or intermediate goods) are the cost of materials that were used to make the final product, i.e. the production costs. Once the input costs are deducted from the total value of the goods , what remains becomes the actual income of the goods, the final cost, which is then added to GDP.
Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
