Under a flat tax structure, where the same tax rate applies to all income levels ________.
A) the marginal tax rate is greater than the average tax rate
B) the marginal tax rate is less than the average tax rate
C) the marginal tax rate is equal to the average tax rate
D) the marginal tax rate is irrelevant
C) the marginal tax rate is equal to the average tax rate
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Variance analysis involves computing the difference between standard and actual costs
Indicate whether the statement is true or false
What is the primary danger of implementing “stretch goals”?
a. Employees may behave unethically to reach them. b. Employees may become demoralized while trying to reach them. c. They can encourage complacency because they are too easy to reach. d. They take the place of incremental goals.
The net realizable value approach is used to account for scrap and by-products when the net realizable value is insignificant
Indicate whether the statement is true or false
Which of the following is not one of the general sources of international law?
A) United Nations resolutions B) A convention among countries C) Judicial teachings D) Custom E) A treaty between countries