The term "excise" can refer to which of the following?

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Improve your CELPIP skills with our vocabulary test. Use flashcards and multiple-choice questions, complete with hints and answers. Prepare for success!

The term "excise" specifically refers to a tax that is imposed on certain goods or activities, often related to the consumption of specific products such as alcohol, tobacco, or fuel. This tax is typically levied by the government as a means of generating revenue while also regulating certain types of consumption.

In the context of business activity, an excise tax is intended to affect the pricing and consumption of the taxed goods, thereby potentially discouraging excessive use or funding public projects or services in relation to those products. Understanding "excise" in this financial context is particularly important, especially when discussing economic policies or government revenue.

The other options do not align with the definition of "excise": it is not related to fruit, cooking methods, or physical exercises. Therefore, option B stands out as the correct answer in understanding the specific financial meaning of "excise."

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