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NEW QUESTION: 1
On what basis is value-added tax collected?
A. The profit earned on an entity's sales.
B. The value of an entity's sales to related companies.
C. The difference between the value of an entity's sales and the value of its purchases from other domestic entities.
D. The difference between the selling price of a real estate property and the amount the entity originally paid for the property.
Answer: C
Explanation:
A value-added tax VAT) is collected on the basis of the value created by the entity. This tax is measured by the difference between the value of the entity's sales and the value of its purchases. A VAT is in effect a retail sales tax. Because a consumer can avoid the tax by not purchasing, a VAT encourages saving and discourages consumption.

NEW QUESTION: 2
Why should HP EWS (Embedded Web Server) be password-protected?
A. to prevent employees from printing personal documents
B. to ensure sensitive information is not sent to the wrong device or recipients
C. to avoid being exploited by employees transferring large files without authorization
D. to ensure that the printer control remains with the IT admin
Answer: D

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