Canada Restricts Its Allies from Trading with Libya

question 63

Multiple Choice

Canada restricts its allies from trading with Libya.This type of restriction imposed by the government is known as a(n) :

• A)tariff.
• B)quota.
• C)duty.
• D)embargo.
• E)exchange control.

Grasp the advantages of early supply involvement in procurement processes.

Identify criteria for determining whether a purchase is strategic.

Understand the various methods of purchase specification and their implications.

Appreciate the role of new technology in gaining competitive advantage and operational efficiency.

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Definitions:

Operant Conditioning

A learning theory which posits that behavior can be changed through the use of consequences, such as rewards or punishments.

Stimulus

Any event or situation that evokes a response from an organism in psychology and biology.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together, but does not imply causation.

Ranges

The difference between the highest and lowest values in a set of data or the span across which something varies.