The World Trade Organization

question 65

Multiple Choice

The World Trade Organization:

• A)is the primary member of the North American Free Trade Agreement.
• B)resolves disputes between member nations arising from alleged violations of previous agreements dealing with international trade.
• C)is a world government with its own army.
• D)lends money to developing countries.

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Definitions:

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data and statements, ensuring transparency and fairness in financial reporting.

International Accounting Standards Board

An independent organization that develops and approves International Financial Reporting Standards (IFRS).

Global Investing

Global investing refers to the practice of investing in international markets to diversify investment portfolios and exploit opportunities in foreign economies.

Accounting Standards

Accounting Standards are authoritative standards for financial reporting and are the main source of generally accepted accounting principles (GAAP).