When price competition is fierce, the incidence of the corporate income tax
A. Cannot be passed on to customers or suppliers, and must be borne solely by shareholders
B. May be passed on to employees through lower compensation
C. Can be mitigated only with tax reform
D. Is borne primarily by customers through higher prices or lower product quality
Answer: B
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A study conducted by AT&T and Stanford University found that the top predictor of success and professional upward mobility was
A. intelligence. B. writing ability. C. integrity. D. interpersonal skills. E. public speaking ability.
A recent Consumer Reports study analyzed flat-screen TVs and found that the average performance rating for all TVs tested was 80 with an average price of $340
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false