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. The tax paid on company profits is known as corporate tax, not capital gains tax which applies to profits from 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
TRUE. The term 'span of control' indeed refers to the number of subordinates or employees reporting directly to a manager or supervisor.
Step 3
Interest groups lobby governments on behalf of their members.
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TRUE. Interest groups actively engage in lobbying to influence government policies on behalf of the interests and concerns of their members.
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 workers and their interests, not consumers facing disputes with retailers.
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