What do the following letters stand for? Write each answer in the space provided - Leaving Cert Business - Question 1 - 2016
Question 1
What do the following letters stand for? Write each answer in the space provided.
VAT
WWW
AGM
Worked Solution & Example Answer:What do the following letters stand for? Write each answer in the space provided - Leaving Cert Business - Question 1 - 2016
Step 1
VAT
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Answer
VAT stands for Value Added Tax. This is a type of indirect tax that is imposed at each stage of the production and distribution process, ultimately passed on to the final consumer.
Step 2
WWW
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Answer
WWW stands for World Wide Web. This is an information space where documents and other web resources are identified by uniform resource locators (URLs), interlinked by hypertext links, and accessible via the internet.
Step 3
AGM
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Answer
AGM stands for Annual General Meeting. This is a yearly meeting of the members of an organization, typically held to discuss the organization's performance, future strategy, and to elect board members.
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