Identify the Year That the Omnibus Trade and Competitiveness Act

question 47

Multiple Choice

Identify the year that the Omnibus Trade and Competitiveness Act was implemented. This authorized sanctions such as a denial of economic developmental assistance to countries that do not protect workers' rights.

• A) 1978
• B) 1988
• C) 1998
• D) 2008

---

Definitions:

Paid-in Capital

The sum of funds a business has obtained from its stockholders by selling them stock shares.

Par Value

A nominal value assigned to a share of stock in the charter of a corporation, which does not necessarily reflect its market value.

Common Stock

Equity securities representing ownership in a corporation, providing voting rights, and a dividend claim on earnings.

Cumulative Nonparticipating Preferred Stock

Preferred stock that accumulates unpaid dividends, which must be paid out before dividends can be distributed to common stockholders, but does not participate beyond the fixed dividend.