A Quota Is

question 179

Multiple Choice

A quota is

• A)a tax placed on imports.
• B)a limit on the quantity of imports.
• C)a tax on exports to other countries.
• D)an excess of exports over imports.

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Definitions:

Noncurrent Assets

Assets not expected to be converted into cash, sold, or consumed within one year or the operating cycle, such as property, plant, and equipment.

Multiple Acquisitions

The process by which a company buys several companies in a short period, often to consolidate their industry or diversify.

Step Acquisition

The process of acquiring control over an investee in stages or steps over time, ultimately leading to consolidation.

Noncontrolling Interest

A shareholder's equity in a corporation that is less than the threshold required for control usually presented in consolidated financial statements.