A Tariff Differs from a Quota in That a Tariff

question 80

Multiple Choice

A tariff differs from a quota in that a tariff is

• A) levied on imports, whereas a quota is imposed on exports.
• B) levied on exports, whereas a quota is imposed on imports.
• C) a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported.
• D) a tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported.

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Definitions:

Strategic Business Issues

Significant challenges or opportunities that affect an organization's strategy and business direction.

Training Effectiveness

The degree to which training programs achieve their intended outcomes, such as improving skills, knowledge, or job performance.

Orientation

The process of introducing new employees to their job, the company culture, and the organizational values and expectations.

Hospitality Experience

Refers to the quality of service and atmosphere that businesses in the hospitality industry provide to guests, aiming for a positive and memorable stay or visit.