Which of the Following Is True Regarding the Difference Between

question 29

Multiple Choice

Which of the following is true regarding the difference between GATT and WTO?

• A)The WTO was encouraged to extend its reach to encompass regulations governing foreign direct investment unlike GATT.
• B)WTO operates on the basis of consensus unlike GATT.
• C)GATT gives trading partners the right to compensation or,in the last resort,to impose (commensurate)trade sanctions unlike WTO.
• D)GATT's verdict is binding unlike that of WTO's.
• E)WTO allows member-countries to block adoption of arbitration reports unlike GATT.

---

Definitions:

Non-controlling Interests

A minority stake in a company held by investors who do not have a controlling interest or majority of the voting rights.

Subsidiary Entity

A company that is controlled or owned, either in part or fully, by another company, known as its parent company.

Parent Entity

A company that has control over one or more subsidiaries, owing enough of their stock to influence their operations.

AASB 10

An Australian Accounting Standards Board standard that sets out the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.