Why Did the United States Suspend Its Preferential Trade

question 71

Multiple Choice

Why did the United States suspend its preferential trade
Treatment for Bangladesh in 2013?

• A)The United States wanted to collect more tariff revenue on all imports from Bangladesh.
• B)The United States wanted to punish Bangladesh for its poor labor practices.
• C)The United States wanted to collect more tariff revenue on imports other than garments from Bangladesh
• D)The United States wanted to force Bangladesh to join NAFTA.

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Definitions:

Control Over Inventory

The processes and systems put in place by a business to ensure that its inventory is managed effectively and efficiently, preventing overstock and shortages.

Safeguarding Inventory

Strategies and practices aimed at protecting inventory from loss, theft, or damage.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and statement of cash flows.

Physical Count

A manual counting process of inventory items in a business, used to verify the quantities of goods on hand and ensure the accuracy of accounting records.