Eliminating a Tariff on Running Shoes Would ________ Businesses That

question 65

Multiple Choice

Eliminating a tariff on running shoes would ________ businesses that sell running shoes and ________ consumers who purchase them.

• A)benefit; benefit
• B)benefit; harm
• C)harm; benefit
• D)harm; harm

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Definitions:

Physical Count

A method used in inventory management to ensure the actual number of items in stock matches the recorded numbers by counting them manually.

Interest Payable

Interest payable is the amount of interest expense that has been incurred but not yet paid by a borrower as of a specific date.

Annual Interest

The total amount of interest paid or earned over a one-year period, commonly associated with loans, savings, and investments.

Adjusting Entry

A transaction recorded in accounting to revise account balances at the end of an accounting cycle.