Which of the Following Is an Explanation for the Existence

question 145

Multiple Choice

Which of the following is an explanation for the existence of trade restrictions?

• A) Tariffs generate revenue for the government.
• B) rent seeking
• C) inefficient quotas
• D) Both answers A and B are key explanations.

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Definitions:

Authorized Signing Officer

is an individual granted the authority by an organization to sign official documents on behalf of the company.

Supporting Documentation

Documents that provide evidence of transactions and can include receipts, invoices, contracts, and bank statements.

Control Activity

A policy or procedure that is part of the internal control framework designed to address specific risks and help ensure the achievement of an organization's objectives.

Prenumbered Documents

Documents that are sequentially numbered in advance to ensure completeness and to prevent fraud or misuse.