Free CBM Exam Braindumps
Certified Business Manager (CBM) Questions 116–120 (page: 25)

Updated On: 10-Feb-2026

Tariffs are imposed for which of the following reason?

  1. collection of revenue
  2. protection of domestic industries from foreign competition
  3. political control
  4. All of the above

Answer(s): D



A restriction imposed by law on the numbers or quantities of goods, or of a particular type of good, allowed to be imported is known as:

  1. share
  2. quota
  3. ration
  4. fraction

Answer(s): B



A total or near-total ban or trade with a particular country sometimes enforced by military action and usually imposed for a political purpose is called:

  1. block
  2. embargo
  3. impediment
  4. prohibition

Answer(s): B



What refers to the efforts of governments to reduce tariffs and non-tariffs barriers to trade?

  1. Trade liberation
  2. Trade release
  3. Trade freedom
  4. Trade emancipation

Answer(s): A



What are governmental grants to inventors assuring them of the exclusive legal right to produce and sell their inventions for a period of years?

  1. Trademarks
  2. Copyrights
  3. Patents
  4. None of the above

Answer(s): C



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