Which of the Following Resulted from the Smoot-Hawley Trade Bill

question 198

Multiple Choice

Which of the following resulted from the Smoot-Hawley trade bill of 1930?

• A) The stock market began a steady recovery from the crash of October 1929.
• B) Many countries responded by imposing higher tariffs on American products, and the volume of international trade fell sharply.
• C) Imports decreased, while exports increased, resulting in an overall increase in GDP and tariff revenues.
• D) The unemployment rate, which had been rising, began to steadily decline as jobs were protected by the trade restrictions.

Recognize the role of ethnocentrism, stereotypes, and interpretation of time in creating barriers to intercultural communication.

Understand the skills required for successful business communication and teamwork in a contemporary business environment.

Evaluate the importance of one-on-one meetings in managing team performance issues.

Identify and explain the contextual forces affecting business communication.

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Definitions:

Flexible Budget

A budget that adjusts or varies with changes in the volume or activity level of a company.

Master Budget

A comprehensive financial planning document that consolidates all of the smaller budgets within a company into one overview, showing the total planned activities for an upcoming period.

Static Budgets

Fixed budgets that do not change in response to variations in business activity levels.

Manufacturing Overhead

Indirect costs related to the production process, such as utilities, maintenance, and salaried personnel, not directly attributable to specific units of output.