The General Agreement on Tariffs and Trade (GATT) ______.
a. is a treaty governing interstate commerce within different countries
b. is designed to promote trade between different states within a country
c. levies a flat rate or tariff on trade between member countries
d. was established in 1947
d. was established in 1947
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If the credit subtotal is greater than the debit subtotal in the Income Statement columns of a worksheet, the difference
A) indicates that the company incurred an operating loss during the period. B) could represent payment of dividends by the entity during the period. C) indicates that an error has been made in the accounting process. D) indicates that the company earned a net income during the period.
Which form of an informal network is defined as consisting of a group of people who broadcast information only within their group?
A. gossip chain B. rumor string C. grapevine D. cluster chain
Regarding the sales budget, which of the following statements is incorrect?
A) The forecast of sales revenue is the cornerstone of the master budget. B) The level of sales affects expenses and almost all other elements of the master budget. C) The budgeted sales are carried from the sales budget to the balance sheet. D) Budgeted total sales for each product equal the sales price multiplied by the expected number of units
Discuss the duties of care and good faith.
What will be an ideal response?