An Organization of Nations Formed to Promote the Free Movement

question 98

Multiple Choice

An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is called a(n)

• A) economic community.
• B) free trade association.
• C) common market.
• D) international alliance.
• E) none of the above.

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Definitions:

Percent Change

A mathematical calculation that indicates the degree of change over time, represented as a percentage.

Sales

Sales represent the transactions involving the exchange of goods or services for money, reflecting the primary revenue-generating activities of a business.

Acid-test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick assets, excluding inventory.

Quick Assets

Quick assets are assets that can rapidly be converted into cash, excluding inventory and pre-paid expenses, often used in calculating liquidity measures.