_____ is a direct restriction on the quantity of some good that may be imported into a country.
A. Import tariff
B. Import quota
C. Import subsidy
D. Ad valorem tariff
Answer: B. Import quota
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Lui Company's 2010 income statement reported total sales revenue of $350,000 . The 2009-2010 comparative balance sheets showed that accounts receivable increased by $20,000 . The 2010 "cash receipts from customers" would be
a. $270,000 b. $250,000 c. $330,000 d. $40,000
In a market with ________, the market consists of many buyers and a few sellers who are likely to have similar pricing
A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) socialism
Which of the following is most likely to force a manufacturer to pay a slotting allowance?
A) a selling agent B) a merchandise broker C) a large retail chain D) a small retailer E) a rack jobber
In a production process with a machine constraint, if a quality control point is to be established, it should be set up
a. within the machine's processes. b. directly after the machine has performed its functions. c. immediately before the machine. d. at the end of the production process.