The General Agreement on Tariffs and Trade and the World

question 11

Multiple Choice

The General Agreement on Tariffs and Trade and the World Trade Organization have resulted in

• A) the establishment of universal trade adjustment assistance policies.
• B) the establishment of the European Union.
• C) the reciprocal trade clause.
• D) reductions in trade barriers via multilateral negotiations.
• E) the total protection of all intellectual property rights.

Determine the appropriate discount rate for lease-purchase analysis.

Differentiate between types of leases and understand their implications for both lessor and lessee.

Recognize the strategic purposes behind financial lease arrangements.

Understand the tax implications and benefits related to leasing.