Which Organization Created the Classification of Countries Based on Per

question 28

Multiple Choice

Which organization created the classification of countries based on per capita income?

• A) the World Bank
• B) the World Trade Organization
• C) the International Monetary Fund
• D) the European Union
• E) the North American Free Trade Agreement

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Definitions:

Aggregated Statements

These are financial statements that combine the financial data of several segments, subsidiaries, or different time periods of an organization into a single, comprehensive financial statement.

Percentage of Sales Approach

A financial planning model that estimates changes in balance sheet and income statement items as a direct percentage of changes in sales.

Financial Planning Method

A systematic approach to setting financial goals, developing and implementing plans to achieve those goals, and monitoring progress.