Which of the Following Is the Best Example of a Quota

question 109

Multiple Choice

Which of the following is the best example of a quota?

• A)a subsidy from the U.S. government to domestic manufacturers of tires to enable them to compete more effectively with foreign producers
• B)a limit on the quantity of tires that can be imported from a foreign country
• C)a 40% fee imposed on all imported tires
• D)a tax placed on all tires sold in the domestic market to help offset the impact of lost jobs in the domestic tire industry

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Definitions:

On-Time Deliveries

A measure of the percentage of orders delivered to customers within the agreed upon time frame, indicating the efficiency and reliability of the company's distribution.

Non-Value-Added

Activities or processes that do not add any functional value to a product or service from the customer's perspective.

Lead Time

The amount of time that elapses between the initiation of a process and its completion, often used in reference to the time it takes for goods to be delivered or services to be provided.

Converting

The process of changing or transforming one form of currency, unit, or data into another.