What Is a Trade Association

question 31

Multiple Choice

What is a trade association?

• A) an organization that represents the federal government during the negotiation of international trade agreements
• B) an organization that coordinates exchanges of information and resources among multiple interest groups
• C) a type of manufacturing labor union
• D) an organization that represents businesses within a specific industry

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Definitions:

Variance

A measure of how much a set of numbers differs from each other or a statistical permission to deviate from a standard in zoning laws.

Silence

The absence of any sound or noise.

Acceptance

Within the domain of contract law, the process of consenting to an offer's conditions, thus establishing a legally enforceable agreement.

Reasonable Means

Actions or methods that are considered fair, appropriate, and sensible according to the average person's judgment under specific circumstances.