What Is the Name of the Organization Established by Seventeen

question 29

Multiple Choice

What is the name of the organization established by seventeen members of the Arab League in 2005 to eliminate trade barriers in the region?

• A) Gulf Cooperation Council
• B) Organization of Petroleum Exporting Countries (OPEC)
• C) Greater Arab Free-Trade Area (GAFTA)
• D) Hamas
• E) Palestinian Authority

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Definitions:

Management Fees Revenue

Income earned by a company for providing managerial services, which can include advisory, administrative, or general management services.

End-of-Period Adjustment

Adjustments made to the financial records at the end of an accounting period to ensure they accurately reflect the company's financial status.

Prepaid Expense

Expenditures paid in advance for goods or services to be received in the future, treated as an asset on the balance sheet until used.

Cash Payment

A transaction in which money is paid out or expended in the form of physical currency or through electronic funds transfer.