In 1995, the World Trade Organization Replaced Which of the Following

question 14

Multiple Choice

In 1995, the World Trade Organization replaced which of the following?

• A) the World Bank
• B) the International Monetary Fund (IMF)
• C) the North Atlantic Treaty Organization (NATO)
• D) the General Agreement on Tariffs and Trade (GATT)
• E) the Bretton Woods Agreement

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Definitions:

Residual Value

Residual value is the estimated amount that an asset will be worth at the end of its useful life.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment to improve its long-term operations.

Net Present Value

A calculation that compares the present value of cash inflows to the present value of cash outflows over a period of time for investment analysis.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from its total revenue.