Which of the following statements about taxes is accurate?
A) Taxes represent an inflow of cash to the firm.
B) Profitable businesses usually pay taxes.
C) Tax management falls within the responsibility of marketing managers.
D) Taxes cannot be managed because of fluctuations in political policy.

Question

Quizplus · Accepted Answer

Profitable businesses usually pay taxes as taxes are based on a company's profits. Tax management falls under the responsibility of finance managers, not marketing managers. While political policy can affect tax rates, tax planning and management can still be utilized to minimize tax liability. Therefore, option A, C, and D are incorrect.

Which of the Following Statements About Taxes Is Accurate