Which Statement Is NOT True About the World Trade Organization

question 233

Multiple Choice

Which statement is NOT true about the World Trade Organization (WTO) ?

• A)The WTO provides the framework for complex negotiations involved in major international trade agreements.
• B)The WTO resolves disputes between member countries.
• C)The WTO is an international organization.
• D)The WTO is a direct enforcer of trade agreements.

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Definitions:

Bad Debt Expense

The cost recognized by a company because of the expectation that certain accounts receivable will not be collected.

Cost of Sales

refers to the direct costs attributable to the production of the goods sold in a company.

Increase in Accounts Receivable

A situation where the amount owed by customers for goods or services increases during a specific period, often indicating sales growth, but also potentially impacting cash flow.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the basic profitability of a company's core activities.