Write TRUE or FALSE after each of the following statements - Leaving Cert Business - Question 7 - 2018
Question 7
Write TRUE or FALSE after each of the following statements.
Tax paid on company profits is known as capital gains tax.
‘Span of control’ refers to the number of em... show full transcript
Worked Solution & Example Answer:Write TRUE or FALSE after each of the following statements - Leaving Cert Business - Question 7 - 2018
Step 1
Tax paid on company profits is known as capital gains tax.
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Answer
FALSE. Tax on company profits is known as corporate tax, not capital gains tax.
Step 2
‘Span of control’ refers to the number of employees who report to a superior.
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Answer
TRUE. The term 'span of control' indeed describes the number of subordinates managed by a supervisor.
Step 3
Interest groups lobby governments on behalf of their members.
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Answer
TRUE. Interest groups advocate for policies and represent the interests of their members to the government.
Step 4
A Trade Union represents consumers who have a dispute with a retailer.
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Answer
FALSE. A Trade Union primarily represents the interests of workers, not consumers.
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