The U.S. Uses a Harmonized Tariff Schedule That

question 223

Multiple Choice

The U.S. uses a Harmonized Tariff Schedule that:

• A) completed a 25-year formal governmental transfer from specific to ad valorem tariffs on all products
• B) adopted the GATT tariff schedules set forth by the Community of Nations Accord signed in Paris in 1982
• C) were developed by a group of countries to standardize the ways goods are classified by customs officials worldwide
• D) provide for specific exemptions from WTO tariff schedules
• E) bring U.S. tariffs in line with tariffs imposed on goods imported into foreign trade zones and duty-free ports

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Definitions:

Unintentional Torts

Legal wrongs resulting from actions that were not intended to cause harm but did so inadvertently.

Negligence

The failure to take reasonable care or steps to prevent loss or injury to another party, resulting in harm or damage.

Four Ds of Negligence

A legal concept involving duty, dereliction of duty, direct causation, and damages, used to establish the liability in a negligence case.

Damages

Money paid as compensation for violating legal rights.