A(n) _____ is a limit on the amount of a specific product that can enter a country.
A. quota
B. tariff
C. boycott
D. exchange control
E. transfer limit
Answer: A
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Using the Baldrige Organizational Profile, leaders can assess and clarify their organization’s systems in regard to everything but
a. customers b. strategies c. data points d. processes
When determining the cost of bond financing a firm must determine the net proceeds from the sale of the bond less the flotation cost charged by the investment banker to estimate the yield-to-maturity
Indicate whether the statement is true or false.
In a standard cost system, the initial debit to an inventory account is based on:
A. standard cost less the actual cost. B. standard cost rather than actual cost. C. actual cost rather than standard cost. D. actual cost less the standard cost.
Maura makes a gift of a van to a local food bank run by a charity. Maura had used the van in her trade or business. The van has a FMV of $6,500; a cost of $31,000; and $27,000 depreciation claimed. What is the amount of Maura's charitable contribution deduction?
A) $6,500 B) $31,000 C) $4,000 D) $2,500