The Key Goal of an Import Quota Is To

question 215

Multiple Choice

The key goal of an import quota is to:

• A) protect domestic industries from foreign competition.
• B) stimulate free trade.
• C) encourage the development of favelas.
• D) tax imported goods.

---

Definitions:

Net Operating Income

The earnings generated from a company's regular business operations, indicating the efficiency of management.

Operations

The day-to-day activities involved in running a business that lead to the production of goods and services.

Variable Costing

An accounting method that only considers variable costs (costs that change with production levels) in product pricing and decision making, excluding fixed costs.

Absorption Costing

is an accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.