Formed in 1957,the _ Set Out to Create a Single

question 96

Multiple Choice

Formed in 1957,the _ set out to create a single European market by reducing barriers to the free flow of products,services,finances,and labor among member countries and developing policies on trade with nonmember nations.

• A)NAFTA
• B)Uruguay Round
• C)European Union
• D)European Organization
• E)CAFTA

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Definitions:

Generates Revenue

Activities or processes that result in the earning of income for a business through the sale of goods or services.

Incurs Costs

To undergo or suffer expenses during the execution of activities or operations.

Profit Center

A business segment or department within an organization that is responsible for generating its own revenue and thereby directly impacting profitability.

Responsibility Center

A department or unit within an organization that is accountable for specific activities and performance, with its performance measured against planned objectives.