The Oldest and Most Common Method for a Government to Restrict

question 133

Multiple Choice

The oldest and most common method for a government to restrict trade is the

• A)voluntary export restraint.
• B)quota.
• C)voluntary restraint agreement.
• D)tariff.
• E)voluntary import expansion.

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Definitions:

Chart of Accounts

A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.

Salaries Expense

The cost incurred by a company for the salaries of its employees.

Journal Entry

A record in accounting that notes the details of a financial transaction.

Posting Reference

An alphanumeric code or number used to identify the original journal entry in the ledger, facilitating the tracking of transactions and their origins in accounting records.