General Motors Benefits from Tariffs on Imported Automobiles

question 95

Multiple Choice

General Motors benefits from tariffs on imported automobiles.Companies that use many automobiles, such as rental agencies, want to get them cheaply.In this case, the issue of tariff legislation involves

• A)a simple majority because it promises concentrated costs and benefits
• B)competing interests because it promises concentrated costs and benefits
• C)a simple majority because it promises concentrated benefits and widespread costs
• D)competing interests because it promises concentrated benefits and widespread costs
• E)competing interests because it promises concentrated costs and widespread benefits

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Definitions:

Ethics Audit

An in-depth examination of how an organization's actions align with its stated ethical guidelines, aimed to uncover areas requiring enhancement.

Financial Audit Committee

A subgroup of a company’s board of directors focused on overseeing the financial reporting and disclosure process.

CFO

Chief Financial Officer, an executive responsible for managing the financial actions of a company, including financial planning, risk management, and record-keeping.

CEO

The Chief Executive Officer, the highest-ranking officer in an organization, responsible for major corporate decisions and management leadership.