A Policy of Tariff Reduction in the Computer Industry Is

question 72

Multiple Choice

A policy of tariff reduction in the computer industry is

• A) in the interest of the United States as a whole and in the interest of computer producing regions of the country.
• B) in the interest of United States as a whole but not in the interest of computer producing regions of the country.
• C) not in the interest of the United States as a whole but in the interests of computer producing regions of the country.
• D) not in the interest of the United States as a whole and not in the interests of computer consumers.
• E) not in the interest of the United States as a whole but in the interests of foreign computer producers.

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Definitions:

Net Income

The concluding profit margin of a company after deducting all operational expenditures and taxes from its income.

Revenues

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Beginning Inventory

The amount of goods presented for buying at the initial stage of an accounting term.

Goods Available for Sale

The total quantity of goods that a company has in stock and is available to be sold, including both finished goods and those still in production.