Government taxes on products or services entering a country that primarily serve to raise prices on imports are referred to as
A. WTO taxes.
B. foreign excise taxes.
C. trade subsidies.
D. quotas.
E. tariffs.
Answer: E
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Which of the following statements regarding leases is false?
a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a large initial outlay of cash. b. Accounting recognizes two types of leases—operating and capital leases. c. If a lessor classifies a lease as a capital lease, then the lessee records a lease liability on its balance sheet. d. If a lease is classified as an operating lease, the lessee records a lease liability on its balance sheet.
A retail store has beginning inventory of $30,000, purchases of $220,000, sales of $200,000, and a normal gross margin of 25 percent. What is estimated inventory based on these facts and the gross profit method?
a. $50,000 b. $150,000 c. $100,000 d. $200,000
If a design can be produced to requirements even when the production process has unfavorable conditions, the design is said to be ________
Fill in the blanks with correct word
A home décor company manufactures a range of bedding products such as bedspreads, pillows, and mattresses. The range of bedding products represents the _____ of the company.
A. commodity chain B. supply chain C. product mix D. product line