GATS Requires Its Member States to Ensure That Their Domestic

question 57

Multiple Choice

GATS requires its member states to ensure that their domestic regulations affecting trade in services are administered in a reasonable, objective, and impartial manner and as soon as the ________ adopts harmonizing guidelines in these areas, it will require them to bring their practices into compliance with those guidelines.

• A) Council for Trade-Related Aspects of Intellectual Property Rights
• B) Trade Negotiations Committee
• C) Council on Trade in Services
• D) Council for Trade in Goods

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Definitions:

Over

Typically refers to situations where actual costs or quantities exceed estimates or planned values in a budget, project, or manufacturing.

Cash Controls

Procedures and policies that are implemented to manage and safeguard a company's cash transactions.

Theft

The act of stealing; specifically, the unlawful taking of another's property with the intent to permanently deprive the owner of it.

Cash Account

A financial record that tracks all cash receipts and disbursements within a business or organization.