A Quota Is A

question 131

Multiple Choice

A quota is a:

• A) tax on a specific quantity of imported goods.
• B) limited number of foreign firms that can sell imported goods.
• C) restrictive health and safety standard that raises costs.
• D) tax on domestic producers so that they can make higher profits.
• E) limit on the quantity of a good that can be imported.

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Definitions:

Day-to-day Decisions

Operational choices made on a regular basis within an organization, dealing with routine tasks and immediate issues.

Supervisory Manager

A manager who directly oversees the work of employees and is responsible for day-to-day operations.

Manageable Units

Dividing tasks, projects, or organizational structures into smaller, more easily controlled or handled segments.

New Product

An item or service that has been recently developed or introduced to the market.