Quotas and Tariffs Both Serve the Purpose of

question 43

Multiple Choice

Quotas and tariffs both serve the purpose of

• A) increasing foreign trade.
• B) restricting foreign trade.
• C) causing domestic producers to lose revenues.
• D) lowering prices on imported goods.

---

Definitions:

Activity Cost Pool

A “bucket” in which costs are accumulated that relate to a single activity measure in an activity-based costing system.

Plantwide Overhead Rate

A single predetermined overhead rate that is used throughout a plant.

Activity-based Management

A management strategy that focuses on optimizing activities to improve the value received by the customer and the profit gained by providing this value.