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CIMAPRA19-F01-1 Exam - Topic 6 Question 69 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 69
Topic #: 6
[All CIMAPRA19-F01-1 Questions]

Why are excise duties an attractive method of raising tax for governments?

Select TWO that apply.

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Suggested Answer: D

by Loren at Apr 19, 2023, 01:43 PM

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Kristel
4 months ago
Same tax for everyone? That sounds unfair!
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Shawn
4 months ago
I thought reclaiming taxes was a myth.
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Jade
4 months ago
Wait, does it really encourage more alcohol consumption?
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Carlee
4 months ago
Totally agree, high yields make it attractive too.
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Gabriele
4 months ago
Low cost of collection is a big plus!
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Gabriele
5 months ago
I feel like option D could be a good choice since some excise taxes can be reclaimed, but I need to double-check that.
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Laticia
5 months ago
I’m a bit confused about option C. I thought excise duties were meant to discourage consumption of certain products, not encourage it.
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Adell
5 months ago
I remember discussing that excise duties can generate high yields, so I might go with B as one of my choices.
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Karma
5 months ago
I think option A makes sense because excise duties are usually easier to collect than income tax, but I'm not entirely sure.
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Stephaine
5 months ago
I think the AWSCloudAPIBase class would be the best choice here. It's designed specifically for making REST API calls to AWS, so it should have the least amount of code required.
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Britt
5 months ago
I feel pretty confident that A is the correct answer. The core idea of utilitarianism is maximizing overall happiness and well-being, which is what that option describes.
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Rosamond
5 months ago
I've seen questions like this before. The key is to understand the ILS update process and how it relates to the network diagram. I'm pretty confident the answer is 9 hops, which is option C.
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Tammi
5 months ago
I lean towards saying it's about improved accuracy. There were examples in our notes comparing full factorial and fractional designs, but I can't recall the exact point.
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Otis
9 months ago
Excise duties, the government's version of a 'sin tax' – because who needs a social life when you can have a tax bill instead?
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Veta
10 months ago
Excise duties? Sounds like the government is trying to squeeze us dry like a lemon. Better start stockpiling our favorite vices before they tax the fun out of everything!
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Nobuko
8 months ago
E) Ensures that the tax levied on all taxpayers is the same irrespective of their spending habits.
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Lashaunda
8 months ago
C) Encourages consumption of products such as alcohol.
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Helga
8 months ago
Excise duties are a way for the government to make money easily.
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Filiberto
8 months ago
B) High yields from the tax.
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Celeste
8 months ago
A) Low cost of collection compared to other forms of taxation.
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Reita
10 months ago
Ah, the good old 'one size fits all' approach to taxation. Gotta love how the government keeps things simple, even if it means we all pay the same no matter how much we spend.
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Louann
10 months ago
Wait, you mean I can't reclaim this tax? Well, there goes my hope of getting a refund to fund my alcohol habit.
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Alida
9 months ago
B) High yields from the tax.
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Carry
9 months ago
A) Low cost of collection compared to other forms of taxation.
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Sanda
10 months ago
Encouraging consumption of alcohol? That's one way to keep the masses happy, I suppose. Guess the government is feeling a bit tipsy with this tax plan.
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Tonette
8 months ago
True, it's a way to make sure everyone pays their fair share.
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Juan
8 months ago
E) Ensures that the tax levied on all taxpayers is the same irrespective of their spending habits.
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Fidelia
8 months ago
B) High yields from the tax.
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Mike
8 months ago
Yeah, it's a sneaky way to make money and keep people happy.
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Eric
9 months ago
C) Encourages consumption of products such as alcohol.
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Myra
10 months ago
A) Low cost of collection compared to other forms of taxation.
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Mi
10 months ago
Ooh, excise duties sound like a real party trick for the government! Low cost of collection and high yields? Sign me up for the tax collector's ball!
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Ernie
9 months ago
User 2: And they also bring in a lot of tax revenue, it's a win-win for the government!
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Cathern
10 months ago
User 1: Excise duties are great for governments because they have low collection costs.
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Lorean
10 months ago
But some people may not like it as it encourages consumption of certain products.
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Fabiola
10 months ago
Yes, and they also generate high tax revenues for the government.
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Meghann
11 months ago
Excise duties are attractive because they have low collection costs.
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