The Additional Percentage or Dollar Amount by Which Actual Costs

question 49

Short Answer

 The additional percentage or dollar amount by which actual costs exceed estimates is known as a(n) _____.

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade.

Restrictions

Rules or limitations placed on activities, movements, or trade to control or regulate actions.

World Price

The international market price at which goods are traded between countries; it plays a crucial role in determining local prices and trade policies.

Exported

Goods or services sent from one country to another for sale or trade.