Use the attached PPT’s from the referenced textbook as a citation source for the below.
Respond to the following prompts: “What do you feel are the most important aspects of learning in the chapters 3 and 4?” and “What about this learning was really worthy of my time and understanding?” Then explain how important it is in society or business.
Also, provide a graduate-level response to each of the following questions:
1. American businesses have often been criticized for short-term thinking that places too much emphasis on payback period and ROR. When Honda started making cars in the early 1970s, for example, the chief executive officer stated that the firm would be “willing to accept an ROR no greater than 2% or 3% for as long as it took to be recognized as the best car maker in the world.” In light of the success of many Japanese firms, is the criticism of American business justified?
2. Most countries have a progressive income tax system whereby each dollar earned in incrementally higher tax brackets is taxed at an increasingly higher rate. Do you think that a flat tax system would be more fair? How about a proportional tax system? Explain your answer.
3. Discuss the effect of taxes on the life-cycle costing (LCC) of passenger cars. Compare domestic and imported cars.
Respond to the post of at least two peers, using 100 words minimum each.
The textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid the discussion.