A Quota Is

question 124

Multiple Choice

A quota is

• A) a set of regulations designed to ensure the quality of imports.
• B) designed to stimulate exports.
• C) a rule on how many citizens can travel abroad.
• D) a government-set limit on the quantity of imports into a country.

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Definitions:

Internal Processes

The procedures and activities conducted within an organization to ensure effective operation and fulfillment of the organization's goals.

Productivity

Productivity refers to the efficiency of production of goods or services, often measured by the output per unit of input.

MRP II

Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, expanding on Material Requirements Planning (MRP).

MRP

Material Requirements Planning, a system for calculating the materials and components needed to manufacture a product.