Explain the difference between a quota and a licensing limit.
What will be an ideal response?
As a means of regulating the flow of exchange and the quantity of a particular imported commodity, countries often require import licenses. The fundamental difference between quotas and import licenses as a means of controlling imports is the greater flexibility of import licenses over quotas. Quotas permit importing until the quota is filled; licensing limits quantities on a case-by-case basis.
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______ is NOT an antecedent condition of Uncertainty Reduction Theory.
A. Anticipation of future interactions B. Incentive value C. Violation valence D. Deviance
Which of the following activities is not part of the examination of prospective financial statements?
a. Evaluating the support underlying the assumptions. b. Evaluating the preparation of the prospective financial statements. c. Evaluating the presentation of the prospective financial statements for conformity with AICPA presentation guidelines. d. Assembling the prospective financial statements.
Which of the following forms of written communication would most likely be used to communicate with people outside of the organization?
a. bulletin boards b. letters c. reports d. memos
Omri worked 40 hr this week but was paid for 45 hr because that’s how long the work normally takes. Omri is paid under a ______ plan.
A. bonus B. commission C. merit pay D. standard hour