Match each term with the correct statement below.
a. income tax
b. excise tax
c. Chapter 7 bankruptcy
d. Chapter 11 bankruptcy
e. negligence torts
f. intentional torts
g. property tax
h. sales tax
1. What is the type of tax through which most of the states raise most of their revenues?
2. What is the type of tax through which most local governments raise most of their revenue?
3. What is the type of bankruptcy that allows businesses to reorganize while they enjoy protection from creditors?
4. What is a tax on the manufacture or sale of a domestic product?
5. What is the term for the injury of one party caused by the carelessness of another party?
1. H) sales tax
2. G) property tax
3. D) Chapter 11 bankruptcy
4. B) excise tax
5. E) sales tax
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A. odd-even B. bid C. negotiated D. unbundled E. markup
When bonds are issued at a discount, the total interest cost is equal to the
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A) Hani has to pay a share of the money to Fatima because they are partners B) Hani has to pay a share of the money to Fatima because he owes her a fiduciary duty C) Hani has to pay a share of the money to Fatima because the income of all partners has to be shared equally under The Partnership Act D) Hani does not have to pay any money to Fatima because painting is not part of the partnership act E) Hani has breached the contract with Fatima and will have to pay her $5,000 plus punitive damages
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A. diffusion B. advection C. promulgation D. integration