________ Was Established to Replace GATT in 1995 and Now

question 159

Multiple Choice

________ was established to replace GATT in 1995 and now oversees the original GATT provisions.

• A) The WTO
• B) The EU
• C) NAFTA
• D) CAFTA
• E) NATO

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Definitions:

Direct Materials Cost

The total cost of raw materials that can be directly attributed to the production process of a product.

Factory Machinery

Equipment and machines used in a factory to increase production efficiency and manufacture goods.

Factory Overhead Cost

All indirect costs associated with manufacturing, such as utilities, rent, and maintenance not directly tied to production.

Construction Contractor

A business or individual that contracts to perform construction services, often involving both labor and materials for building projects.