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Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Legislator: Recently, the states small-business association proposed a plan to allow small (as defined by law) retail establishments to deduct the cost of unsold inventory from their tax liability. The associations spokesperson emphasized that, since smaller businesses have less money with which to purchase inventory, the proposed measure would help those smaller retailers remain competitive with their larger counterparts. Nevertheless, in practical terms, fair enforcement of the plan would be infeasible, because ________.a)several new state employees would have to be hired to audit the new deductionsb)it is not possible to distinguish unsold inventory from the store proprietors personal purchasesc)stores would have to repay the deducted amount of tax if they sold the inventory in question at a later dated)the threshold of sales below which a business legally qualifies legally as "small" was set by the state legislature in response to a different proposale)small businesses are less likely than their larger counterparts to have computerized or otherwise automated inventory systemsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice GMAT tests.