The Export and Import Process Can Entail Red Tape and Bureaucratic

question 77

Multiple Choice

The export and import process can entail red tape and bureaucratic delays.In an effort to facilitate exports,countries are designating certain areas as:

• A)import control zones.
• B)special tariff zones.
• C)global business zones.
• D)free trade zones.
• E)duty free zones.

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Definitions:

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Revenue Expenditure

Expenses incurred by an organization in its day-to-day operations which do not add to the value of an asset.

Operating Costs

Expenses associated with the day-to-day functions of a business, excluding costs associated with production or acquisition of goods.

Depreciable Cost

Depreciable cost is the cost of a fixed asset that is subject to depreciation over its useful life, excluding salvage value.