Describe the function of the World Trade Organization (WTO) and explain how it originated
What will be an ideal response?
The objective of the WTO is to help world trade flow as smoothly, freely, and predictably as possible. It accounts for over 97% of world trade and has moved toward creating a single open world market. Many negotiations in recent years have focused on issues related to economic development. It was created in 1984 during the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), which was established in the aftermath of World War II.
You might also like to view...
Sadie and Sam share income equally. For the current year, the partnership net income is $40,000 . Sadie made withdrawals of $14,000, and Sam made withdrawals of $15,000 . At the beginning of the year, the capital account balances were Sadie, capital, $42,000? Sam capital, $58,000 . Sam's capital account balance at the end of the year is
a. $78,000 b. $43,000 c. $63,000 d. $93,000
Despite the many uses of microcomputers, they cannot be used to prepare work sheets
Indicate whether the statement is true or false
Explain how an inside sales force should provide support to an outside sales force
What will be an ideal response?
Winkler Company borrows $85,000 and pledges its receivables as security. The journal entry to record this transaction would be:
A. Debit Cash of $85,000 and credit Accounts Payable $85,000. B. Debit Cash of $85,000 and credit Accounts Receivable $85,000. C. Debit Note Receivable $85,000 and credit Accounts Receivable $85,000. D. Debit Accounts Receivable $85,000 and credit Notes Payable $85,000. E. Debit Cash $85,000 and credit Notes Payable $85,000.