The _____ is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization
a. European Union
b. General Agreement on Tariffs and Trade (GATT)
c. North American Free Trade Agreement (NAFTA)
d. Uruguay Round
ANSWER: d
The Uruguay Round is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization. It is the most ambitious global trade agreement ever negotiated.
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An organization can use downward moves as a source of job experience.
Answer the following statement true (T) or false (F)
Which of the following is a good suggestion for managers when conducting interviews?
A. Ask about the candidate's family to show personal interest. B. The résumé should be used for selection of interview candidates only; ignore it thereafter. C. Do more than half of the talking to make sure you are sharing enough about the company and its culture. D. Ask questions spontaneously to get the most straightforward answers from the candidate. E. After the interview write a short report with a quantitative score of the candidate's qualifications.
Which one of the following statements is an advantage of the group and composite methods of depreciation?
A) Faulty estimates are concealed for long periods. B) Gains are deferred beyond the period in which they actually occurred. C) Record keeping is simplified. D) Losses are not recognized in the period in which they occur.
The master budget usually includes
a. an operating budget. b. a capital budget. c. pro forma financial statements. d. all of the above.