The USTR has requested your advice on whether the following are legal pursuant to the GATT. Please explain each of your answers. Scenario Tax credits extended by the Japanese government to Japanese computer chip manufacturers on the basis of the volume of their chip sales in the United States
Illegal. This is an export subsidy.
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Combination discounts are not available when the advertiser buys space in multiple newspapers, even if they are affiliated in a syndicate.
Answer the following statement true (T) or false (F)
Which of the following would be classified as an extraordinary item on the income statement?
a. Loss on disposal of a segment of business b. Cumulative effect of a change in accounting principle c. A sale of land d. An error correction that relates to a prior year e. A loss from a flood in a location that would not be expected to flood
In a manufacturing company, all costs are period costs.
Answer the following statement true (T) or false (F)
A(n) ________ typically reports on the reasons for a labor-management dispute and the views and arguments of both sides.
A. mediator B. shop steward C. arbitrator D. fact finder E. associate union member