BUSINESS ORGANIZATIONS

Date: 2015-10-07; view: 529.

TAXATION

MONEY

1. What is money?

2. How does money function?

3. What is money as a medium of exchange?

4. What does money express as a measure of value?

5. How does money function as a store of value?

6. What forms of money are in use in the world today?

7. What does the term currency refer to?

8. What is the difference between coin and currency?

9. What are the most important characteristics of modern money?

1. What is the principal purpose of taxation?

2. How are most taxes classified?

3. What is a proportional tax?

4. What is a progressive tax?

5. What is a regressive tax?

6. What is a sales tax?

7. What is a property tax?

8. What is the main source of government revenue?

9. What is the difference between tangible and intangible property?

10. What is a tax assessor?

11. Why must government have criteria and standards when it comes to taxes?

12. Why is it hard to evaluate personal property fairly?

13. What are the criteria of taxation?

14. What are the principles of taxation?

15. What is the Benefit principle of taxation based on?

16. What does the Ability-to-Pay principle say?

1. What is a business organization?

2. What is the main purpose of a business organization?

3. What are the major types of business organizations?

4. What is a sole proprietorship?

5. What are the advantages of a sole proprietorship?

6. What are the disadvantages of a sole proprietorship?

7. What is unlimited liability?

8. What is a partnership?

9. What forms of partnerships do you know?

10. What is the difference between a general partnership and limited partnership?

11. What are the advantages of a partnership?

12. What disadvantages do partnerships have?

13. What is a corporation?

14. What is necessary to form a corporation?

15. What are shareholders?

16. What are the advantages of corporate form of ownership?

17. What disadvantages do corporations have?