Which of the Following Spurred the Entry of Small Businesses

question 55

Multiple Choice

Which of the following spurred the entry of small businesses into global arena?

• A)GLOBE
• B)EU
• C)NAFTA
• D)ASEAN
• E)GATT

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Definitions:

Balance Sheet

A document highlighting the assets, liabilities, and equity of shareholders of a firm on a given date, illustrating the company's financial health.

Sales On Account

Revenue generated from customers who purchase goods or services on credit, to be paid at a later date.

Cost Of Goods Sold

Expenses specifically arising from the production of the merchandise a business sells, such as labor and materials.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with its quick assets without needing to sell inventory.