A Voluntary Export Restraint

question 78

Multiple Choice

A voluntary export restraint

• A) is like a tariff.
• B) is a very common form of trade barrier.
• C) is like a quota on foreign exports.
• D) Both answers B and C are correct.

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Definitions:

Change Initiative

Efforts undertaken by an organization to make significant changes in its operations, culture, or strategy to improve its performance.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business organization.

Overburdened

Experiencing excessive stress or demands that surpass an individual's or system's capacity to cope effectively.

Celebrated

Widely recognized and praised for a particular achievement, skill, or quality.