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What is the cost benefits principle?

Updated: 12/24/2022
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Q: What is the cost benefits principle?
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What philosophical principle did managers adopt when deciding that the benefits of operating in china outweighed the cost?

Utilitarianism - the principle of maximizing overall happiness or benefits for the majority. Managers likely determined that operating in China would result in greater benefits (profit, market access, etc.) for the company and its stakeholders compared to the costs involved.


What is the principle that justifies a regressive tax?

The benefits-received principle justifies a regressive tax.


What are the two principles used to assess fairness of a tax?

Benefits principle and Ability to pay principle.


What are the basic principle of work management?

Principle of Risk Variation. Principle of Cost of Capital. Principle of Equity Position. Principle of Maturity of Payment.


What is the principal that justifies regressive tax?

the benefits received principle


The gas tax is an example of the taxation principle of?

benefits-received.


Does the cost outweigh the benefits or the benefits outweigh the cost?

It depends on the item and price. A roll of toilet paper at $10.00 would be cost outweighs the benefits. A prescription of antibiotics at $4.00 would be the benefits outweigh the cost.


Which principle determines the amount initially entered into the records for purchases?

cost principle


What is the benefits receive principle?

A taxation principle stating that taxes should be based on the benefits received. The benefit principle works from the proposition that those who receive the greatest benefits should pay the most taxes. The benefit principle is commonly used for near-public goods such as highways, libraries, college, and national parks. This is one of two taxation principles. The other is the ability-to-pay principle, which states taxes should be based on income or the ability to pay taxes.


Applying the principle of variety in food planning ensures the benefits of?

mderation


How does the cost sharing principle influence the level of taxation?

The cost sharing principle influences the level of taxation by replacing market prices with incurred costs.


What is cost benefit principle?

Ensures that the value of information exceeds the cost of providing it.