What is an escape clause?
What will be an ideal response?
Article XIX of GATT 1994—entitled "Emergency Action on Imports of Particular Products"—is an escape clause or safety valve that allows a member state to avoid, temporarily, its GATT obligations when there is a surge in the number of imports coming from other member states. The injured state can impose emergency restrictive trade measures—known as safeguards—if it can demonstrate that there is an actual or seriously threatened injury to one of its domestic industries.
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Channel decisions are important because:
A) commitments are flexible. B) relationships change with time. C) it is expensive to terminate. D) issues can be solved by arbitration. E) local laws do not protect agreements.
On December 1, 2012, Alex's Drug Store concluded that a customer's $325 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on Alex's 2012 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
A) Decrease in net income; decrease in total assets B) Increase in net income; no effect on total assets C) No effect on net income; decrease in total assets D) No effect on net income; no effect on total assets
Procter & Gamble wanted Crest Vivid White Toothpaste to stand out from competitor brand toothpastes on store shelves, so it created a stand-up package and used a graphics-heavy box. In the context of objectives of packaging, the company focuses on ________.
A. protection B. usage promotion C. harmony D. quality E. communication
Write a short note on the closing of an interview