Which of the Following Statements Is True

question 33

Multiple Choice

Which of the following statements is true?

• A) The International Court of Justice renders binding decisions and advisory opinions to the many nations that submit their disputes to it.
• B) The International Court of Justice is the judiciary branch of the United Nations,and its judges are elected by a majority of both the U.N.General Assembly and the U.N.Security Council.
• C) The International Court of Justice was formed as the judiciary branch of the EC.
• D) The International Court of Justice is very useful,in part because nations as well as private individuals and corporations may be parties to an action before the court.

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Definitions:

Depreciation

The planned allocation of a physical asset's cost over the time it remains useful.

Merchandising Business

A type of business that purchases finished goods and sells them to consumers, typically at a retail level.

Revenue Account

An account that records the income a company generates from its normal business operations.

Inventory Cost

The total cost incurred to acquire, hold, and convert raw materials into finished goods, including costs of purchase, handling, and storage.