What Are Two of the Three Main Objectives of the World

question 81

Multiple Choice

What are two of the three main objectives of the World Trade Organization?

• A) To help global trade flow as freely as possible and provide an impartial means of settling disputes
• B) To help global trade flow as freely as possible and make loans to poor countries that are opening to trade
• C) To achieve gradual reductions in trade restrictions and make loans to poor countries that are opening to trade
• D) To achieve gradual reductions in trade restrictions and promote World Trade Fairs.
• E) To reestablish trust in world trade agreements and provide an impartial means of settling disputes

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Definitions:

Equity Method

An accounting technique used to record the investments in other companies where the investor has significant influence but does not fully control the investee.

Excess Amortizations

Excess Amortizations refer to the amount by which amortization expenses exceed what is deemed necessary or standard for a given period, often adjusting the value of intangible assets.

Intra-Entity Transactions

Transactions occurring between divisions or departments within the same company.

Intra-Entity Gross Profit

The profit realized from transactions within segments of the same company, not reflected in consolidated financial statements until realized externally.