Which of the Following Establishes Classification Numbers That Must Be

question 81

Multiple Choice

Which of the following establishes classification numbers that must be used by importers and exporters?

• A)NTR
• B)CVD
• C)FSC
• D)NTB
• E)HTS

---

Definitions:

Merchandise Sold

The total goods that have been sold by a company, typically measured over a specific period like a fiscal quarter or year.

Physical Inventory

The process of counting by hand the actual inventory of a business at a specific point in time.

Net Income

The net income of a business following the deduction of all costs, taxes, and expenses from its total earnings.

Gross Profit Rate

The gross profit rate is a financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showcasing the efficiency of a company in managing its production costs.