What Is a Trade Association

question 34

Multiple Choice

What is a trade association?

• A)a coalition of public interest groups in a specific policy area,such as environmental policy
• B)an organization that coordinates exchanges of information and resources among multiple interest groups
• C)an organization that represents businesses within a specific industry
• D)an organization that represents the federal government during the negotiation of international trade agreements

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment gives the investor significant influence over the investee.

Fair Value

Fair value refers to the estimated market value of an asset or liability, reflecting the price at which it could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Equity Method

A financial accounting approach for assessing investments in which an investor has significant influence over an associate, reflecting share in profits or losses.

Selling Price

The amount for which a good or service is sold to the customer.