Which of the Following Can Reduce the Number of Cars

question 30

Multiple Choice

Which of the following can reduce the number of cars imported?

• A)A tariff
• B)A quota
• C)A ban
• D)All of the above.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Accounts Payable

Liabilities of a business that represent amounts owed to creditors for goods and services received but not yet paid for.

Sunk Costs

Expenses that have already been incurred and cannot be recovered, which should not affect future business decisions.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are expected to yield returns over a period of time longer than one year.