A Specific Amount of Money Levied on Each Unit of a Product

question 96

Multiple Choice

A specific amount of money levied on each unit of a product brought into a country is termed as a(n) _____.

• A)ad valorem tariff
• B)value-added tariff
• C)fixed tariff
• D)prohibitive tariff
• E)zero tariff

---

Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest held by shareholders.

Subdivision

The act of dividing land into plots or parcels for the purpose of sale or development.

Debit Increases

Debit increases refer to the accounting principle where increases in assets, expenses, and losses are recorded on the debit side of a ledger.

Credit Decreases

In accounting, actions that decrease liabilities or increase assets, typically reflected in the credits column of a ledger.