Which of the Following Would Be an Example of a Secondary

question 50

Multiple Choice

Which of the following would be an example of a secondary rule in the World Trade Organization?

• A)States must not discriminate between imported and domestically produced goods in the World Trade Organization.
• B)States must grant all other member states most-favored-nation status in the World Trade Organization.
• C)Only sovereign states can bind themselves to the World Trade Organization.
• D)States must provide stable exchange rates in the International Monetary Fund.

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Definitions:

Cash Turnover Ratio

A financial metric that measures how efficiently a company generates sales from its cash on hand.

Profit

The financial gain realized when the revenue from business operations and sales exceeds the expenses, taxes, and costs of producing and selling goods or services.

In-The-Black

A financial term indicating that a business is making a profit, as opposed to being "in the red" which means it is incurring losses.

Quick Ratio

A liquidity metric that indicates a company's capacity to pay its current liabilities without needing to sell inventory, calculated as (cash + marketable securities + accounts receivable) / current liabilities.