The Industry for Computers Has Just Started Growing in the Nation

question 118

Multiple Choice

The industry for computers has just started growing in the nation of Verdana,and there is potential for the industry to flourish in the near future.However,there is stiff competition from other foreign nations that provide computers to the domestic market.The government is considering imposing a tariff.Which of the following arguments justifies the government's decision to impose a tariff on the import of computers?

• A)The antidumping argument
• B)The infant industry argument
• C)The jobs and income argument
• D)The declining industries argument
• E)The national defense argument

Apply cost-volume-profit (CVP) analysis to predict how changes in costs, sales volume, and price affect a company's profit.

Identify and classify costs as variable, fixed, or mixed based on given scenarios.

Calculate break-even points in units and dollars using relevant formulas.

Use target income analysis to determine required sales in units or dollars to achieve a desired profit level.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Legitimate Power

A form of authority derived from a position or role that gives the holder the right to make decisions, command, and influence others.

Formal Hierarchical Authority

The clearly defined structure in an organization that dictates levels of responsibility, power, and control.

Association Power

The influence an individual or group can exert due to the connections or relationships they have.