A __________ Limits the Quantity of Imported Merchandise,thus Minimizing Competition

question 127

Multiple Choice

A __________ limits the quantity of imported merchandise,thus minimizing competition faced by domestic products.

• A) tariff
• B) duty
• C) boycott
• D) dumping tax
• E) quota

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Definitions:

Depreciation Expense

The portion of the cost of a fixed asset that is considered to be consumed in its period of use and charged as an expense to a company's income statement.

Office Furniture

Items and fixtures used in an office setting, including desks, chairs, and file cabinets, considered as fixed assets in accounting.

Supplies Expense

An accounting term denoting the cost of consumable items used during a reporting period but not directly associated with goods sold.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate years.