An Example of a Nontariff Barrier Would Be

question 84

Multiple Choice

An example of a nontariff barrier would be

• A) a minimum limit on the quantity of imports.
• B) excessive licensing requirements.
• C) a tax on an imported product.
• D) voluntary export restraints.

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Definitions:

Internal Control

Processes and procedures put in place by a company to ensure the integrity of financial and accounting information, enhance accountability, and prevent fraud.

Sales Tax Payments

Payments made to local, state, or federal tax authorities for sales tax collected from customers on taxable sales.

Government Entities

Organizations or institutions that are part of the public sector, operated by the government at the federal, state, or local level, and responsible for implementing laws and policies.

Enter Bills

The process of recording invoices from suppliers or creditors in the accounting system, often as a precursor to issuing payments.