If Brazil Applies for Tariffs and Favorable Treatment for Protecting

question 42

Multiple Choice

If Brazil applies for tariffs and favorable treatment for protecting local firms from foreign competition, it will be known as:

• A) idealism.
• B) internationalism.
• C) globalism.
• D) protectionism.

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Definitions:

Macro-aging Schedule

A method used in accounting to categorize accounts receivable or payables based on the length of time they have been outstanding.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers for sales on credit.

Credit Policies

Guidelines that a company follows to determine the creditworthiness of customers, terms of credit, collection procedures, and how much credit to extend.