GAFTA Refers to the Greater Association of Free Trade for Arabs

question 69

True/False

GAFTA refers to the Greater Association of Free Trade for Arabs.

---

Definitions:

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered but not yet paid for.

Business Activities

Various actions undertaken by a company to operate and manage its business, including operating, investing, and financing activities.

Operating

Pertains to the day-to-day activities involved in managing a business, including production, sales, and administration.

Financing

The act of providing funds for business activities, making purchases, or investing, through various means like loans, credit, or equity.