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
This statement is FALSE. The tax paid on company profits is known as corporate tax, not capital gains tax, which applies to the sale of assets.
Step 2
‘Span of control’ refers to the number of employees who report to a superior.
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Answer
This statement is TRUE. Span of control indeed refers to the number of subordinates that a manager or supervisor can effectively manage.
Step 3
Interest groups lobby governments on behalf of their members.
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This statement is TRUE. Interest groups often engage in lobbying to influence public policy and decisions in favor of their members' interests.
Step 4
A Trade Union represents consumers who have a dispute with a retailer.
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Answer
This statement is FALSE. A Trade Union represents workers' interests and issues, not consumers. Consumer disputes with retailers are generally managed through consumer protection organizations.
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