Which of the Following Was Not One of the Principles

question 37

Multiple Choice

Which of the following was not one of the principles on which the General Agreement on Tariffs and Trade (GATT) was established?

• A) The elimination of import quotas.
• B) Equal,nondiscriminatory trade treatment for all member nations.
• C) The formation of international trade contracts to alleviate global poverty.
• D) The reduction of tariffs by multilateral negotiations.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, thereby having ownership interest.

Authorized Shares

The highest quantity of shares that a company is authorized to issue according to its articles of incorporation.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and often pays dividends at a fixed rate.

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.