Which of the Following Is a Characteristic of Rules-Based Standards

question 3

Multiple Choice

Which of the following is a characteristic of rules-based standards?

• A) involve few, if any, exceptions
• B) result in inconsistencies between standards
• C) contain no bright-line tests
• D) provide insufficient guidance

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Definitions:

Foreign Governments

The governing bodies or authoritative administrations of countries other than one's own.

Import Quota

is a limit on the quantity or value of a certain good that can be imported into a country, typically applied to protect domestic industries.

Trade Restrictions

Measures such as tariffs, quotas, and embargoes imposed by governments to control and limit the volume or value of goods and services that are traded across borders.

Innovation

The process of creating new methods, ideas, or products, or the introduction of something new that adds value.