If Materials and Components Are Shipped to a FTZ for Further

question 9

True/False

If materials and components are shipped to a FTZ for further processing and finished products are sold in the United States, a U.S.import tariff will be assessed on the value of the materials and components, rather than on the value of the finished products.

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Definitions:

Purpose

The reason for which something is done or created or for which something exists.

Value-based Management

Value-based management is a business management strategy focused on maximizing shareholder value through the alignment of company processes, resources, and initiatives toward this objective.

Economic Value

The maximum amount a consumer is willing to pay for an item minus the actual price of the item.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving risk and uncertainty.