Which of the following cannot be considered a nontariff trade barrier?
A. Taxes on imports
B. Quotas
C. Domestic subsidies
D. Import licensing and product standards manipulated to favor domestic companies
A. Taxes on imports
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Which of the following statements is false regarding compilation procedures?
a. The practitioner should have a general knowledge of the organization's industry, the nature of its accounting records, the accounting basis to be used (GAAP or a special purpose framework other than GAAP), and the form and content of the financial statements. b. The practitioner is required to make inquiries or perform procedures to verify, corroborate, or review information provided by the client. c. The practitioner is not required to obtain an understanding of internal control over financial reporting. d. The practitioner should read the financial statements, including footnotes, to make sure that they are appropriate in form and free from obvious material misstatement.
A company's list of accounts and the identification numbers assigned to each account is called a:
A. Chart of accounts. B. Journal. C. Trial balance. D. General Journal. E. Source document.
Computer-integrated manufacturing (CIM) results when a:
A. computer-aided design (CAD) software is integrated with enterprise resource planning (ERP) software. B. computer-aided design/computer-aided manufacturing (CAD/CAM) software system is integrated with production planning. C. computer-aided design/computer-aided manufacturing (CAD/CAM) software system is integrated with robots. D. computer-aided design (CAD) software is integrated with a computer-aided manufacturing (CAM) software.
Which of the following is an example of competitive parity?
A. A firm produces a similar number of wall clocks at a similar cost as its competitors. B. A firm sells wall clocks at a lower price than its competitors. C. A firm manufactures higher-quality wall clocks than its competitors. D. A firm provides wall clocks that its consumers value more than other wall clocks.