Which of the Following Is True

question 27

Multiple Choice

Which of the following is true?

• A)Domestic policies are never barriers to trade.
• B)Tariffs and quotas in industrial nations are significantly higher now than they were in 1950.
• C)Tariffs and quotas are the primary trade barrier in industrialized countries.
• D)Domestic policies intended to protect consumers or the environment may become trade barriers.

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Definitions:

Industrial Products Division

A segment of a company focused on the production and sale of goods used in industrial and manufacturing processes.

Receiver Division

The part of a business that receives allocated costs from service departments or benefits from intercompany transactions within a company.

Transfer Price

The price charged for the sale of goods or services between divisions within the same company.

Transfer Price

The selling price for goods and services among different segments within the same enterprise.