Incoterms Are Developed and Maintained By

question 21

Multiple Choice

Incoterms are developed and maintained by:

• A) the U.S. Chamber of Commerce.
• B) the International Chamber of Commerce.
• C) the WTO.
• D) the UN.
• E) a committee of major global companies.

---

Definitions:

Accounting Records

Documents and books that systematically record financial transactions and positions of a business.

Non-Financial Information

Information that is not monetary in nature, pertaining to qualitative aspects of a company's operations, such as customer satisfaction or employee engagement.

Management Accounting Information

Data and reports produced for internal use by the management of an organization, facilitating planning, decision-making, and operational control.

Effective Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve the desired outcomes efficiently.