The World Trade Organization,which Came into Existence on January 1,1995,is

question 4

Multiple Choice

The World Trade Organization,which came into existence on January 1,1995,is the successor of another organization known as:

• A)DSB.
• B)GATT.
• C)FTAA.
• D)NAFTA.
• E)ASEAN.

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Definitions:

Pension Liability

The present value of the future pension payments that a company is obligated to pay to its retired employees, representing a financial liability on the company’s balance sheet.

Projected Benefit Obligation

A liability amount in a company's pension plan, estimating the total benefits to be paid to employees in the future.

Plan Assets

Investments and other assets held by a pension fund to be used for the payment of retirement benefits to participants.

Postretirement Benefit Expense

The cost recognized by companies related to the various benefits provided to employees after retirement.