Which of the Following Is Not a Provision of the North

question 201

Multiple Choice

Which of the following is not a provision of the North American Free Trade Agreement (NAFTA) ?

• A)the elimination of tariffs on the shipment of most products among Canada,the United States,and Mexico
• B)the elimination of immigration restrictions among Canada,the United States,and Mexico
• C)the removal of limits on financial investments and banking among the three countries
• D)the establishment of uniform legal regulations by all three countries for the protection of intellectual property

---

Definitions:

Traditional Costing Method

A method of accounting that assigns costs to products based on an average overhead rate. It tends to allocate indirect costs based on a single, volume-based cost driver.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, providing more accurate product or service costing.

Direct Labor-Hours

A measure of the time workers spend on a specific task or production, often used for costing purposes.

Traditional Costing Method

An accounting approach that assigns manufacturing overhead costs to products based on a volume metric like direct labor hours or machine hours.