What are trade barriers and why might a government adopt them as a policy? Explain how three examples of trade barriers function
What will be an ideal response?
A country that has a policy of using trade barriers enforces rules on foreign firms in order to give home companies an advantage. Examples of barriers include tariffs, quotas, non-tariff barriers, and exchange controls. Tariffs are taxes on imported goods, making foreign goods more expensive and giving domestic goods a price advantage. Quotas are limits on the amount of product that can be imported into a country in order to reduce competition for domestic industries. Non-tariff barriers are non-price restrictions such as manufacturing or production requirements for products. Exchange controls are used to ban or limit the amount of a specific foreign currency that is permitted to be traded or purchased within a country.
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Under the indirect method of preparing the statement of cash flows, add backs to net income include all of the following except:
a. depreciation expense b. deferred tax expense c. gains on sale of equipment d. share-based compensation
Accounting rate of return gives managers an estimate of how soon they will recover their initial investment.
Answer the following statement true (T) or false (F)
______, are our beliefs about other groups of people, are closely related to ethnocentrism.
A. Prejudice B. Stereotypes C. Viewpoints D. Beliefs
The marketing department of a company has designed three different packing boxes for its product. It wants to determine which box will produce the largest amount of sales. Each box will be test-marketed in five different stores for a period of a month. Below you are given the information on sales (in dollars). Store 1 Store 2 Store 3 Store 4 Store 5 Box 1210 230 190 180 190 Box 2195 170 200 190 193 Box 3295 275 290 275 265 ? a.State the null and alternative hypotheses.b.Construct an ANOVA table.c.What conclusion do you draw?d.Use Fisher's LSD procedure and determine which mean (if any) is different from the others. Let ? = .01.
What will be an ideal response?