The Objective of the World Trade Organization Is To

question 29

Multiple Choice

The objective of the World Trade Organization is to:

• A)Reduce trade barriers, contribute to the process of globalization, and provide a dispute resolution process for member countries
• B)Promote regional trade agreements
• C)Promote trade barriers so as to protect domestic industries
• D)Promote the reduction of world agriculture prices
• E)Reduce trade barriers and encourage the practice of dumping

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Definitions:

Accounts Receivable Period

The accounts receivable period is the average time it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Cash Cycle

This term describes the time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.

Source Of Cash

The origin of funds that a company or individual has, which could be operational earnings, investment returns, or financing.

Merchandise Sale

A commercial transaction where goods are sold to consumers.