St. Peters
A compulsory payment to the government
what is tax
the process of paying taxes
what is taxation
a system of taxes that takes the same amount from all tax payers
what is proportional taxation
a system of taxation that takes a higher percentage of income tax from high-income earners
what is progressive taxation
an overall ban of a particular item from entering a country is called
what is embargo
an official body usually elected by the adult population
what is government
taxes based on income are called
what is direct tax
purchase tax is an example of
what is indirect tax
a financial plan matching future expenditure
what is budgeting
that part of income that is not spent
what is savings
these shares offer a fixed rate of dividend each year if enough profit is made
what is preference shares
these investors by new issues of shares expecting to sell them back higher
what is stag traders
a long term loan stock
what is debenture
part ownership of a company bought by shareholders
what is shares
a union representative
what is shop steward
the profits that are left over after paying returns to the business owner
what is retained profits
the abbreviation HP means
what is hire purchase
a leader who uses rigid and complex rules to lead
what is bureaucratic leader
another word for mediation
what is conciliation
the first business document prepared
what is letter of enquiry
a regulation of business activity where government regulates which industries can be opened in certain areas
what is zone control
cash grants given to a business to encourage production of goods and services
what is subsidies
this policy provided payment after the death of the insured
what is whole life assurance
as a business becomes larger if one factor remains fixed for example the building, then the business will begin to produce less. this is an example of
what is laws of diminishing returns
the development of containers is called
what is containerization