An International Organization Formed at the End of World War

question 66

Multiple Choice

An international organization formed at the end of World War II by the United States and twenty-two other countries whose goal was to reduce or eliminate tariffs and other barriers to world trade is called the

• A) Trade Expansion Act.
• B) Kennedy Round.
• C) GATT.
• D) Tokyo Round.
• E) Common Market.

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Definitions:

Fiscal Year

A one-year period selected for accounting purposes, which does not necessarily correspond to the calendar year.

Stockholders' Equity

The residual interest in the assets of a corporation remaining after deducting its liabilities, representing ownership interest.

Paid-In Capital

The total amount of money that shareholders have invested in a company through the purchase of its stock.

Par Common Stock

The face value of common stock as stated in the corporate charter, which is the minimum amount at which shares can initially be sold.