What Is the North American Free Trade Agreement

question 41

Multiple Choice

What is the North American Free Trade Agreement?

• A)A trade agreement with 150 countries to establish the conditions of global trade.
• B)A U.S.law which protects citizens of the United States from being required to follow rules of commerce in foreign countries.
• C)An agreement with the World Trade Organization which allows the WTO to adjudicate trade disputes.
• D)A U.S.law which mandates citizens of the United States must follow rules of commerce in foreign countries.
• E)A trade agreement with Canada and Mexico to help establish the conditions of global trade.

---

Definitions:

Corporate Function

Essential activities or roles within an organization that support its core business operations, such as human resources, finance, and IT.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate costing and financial planning.

Dye Costs

The expenditures associated with dyes or coloring agents used in the manufacturing process of products.

Skeins

Lengths or coils of yarn or thread as they are sold or produced, often used in textiles and knitting.