The Primary Objective of Inward-Oriented Strategies Is

question 32

Multiple Choice

The primary objective of inward-oriented strategies is:

• A) to raise government revenue through tariffs and other import taxes.
• B) to lower the domestic price of imports.
• C) to replace imported manufactured goods with domestic goods.
• D) to encourage imports through reduction of tariff and non-tariff barriers.
• E) to encourage the production of those goods in which the country has an absolute advantage.

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Definitions:

Segregation Of Duties

A fundamental control principle that ensures critical tasks are divided among different individuals to prevent fraud and errors.

Physical Controls

Security measures implemented to safeguard tangible assets, such as locks, surveillance cameras, and secure storage facilities.

Documentation Procedures

The processes used for documenting a company's financial transactions, activities, and controls to ensure accuracy and reliability of financial records.

Documentation Procedures

The systematic process of organizing, managing, and maintaining records and documents for business operations.