Which Organization Was Founded in 1957 Whose Objective Was to Create

question 45

Multiple Choice

Which organization was founded in 1957 whose objective was to create an economic union among its members?

• A) General Agreements on Tariffs and Trade
• B) Organization of Economic Cooperation and Development
• C) European Union
• D) Latin American Free Trade Association

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Definitions:

Accounting Department

The division within a business that manages financial records, processes transactions, and ensures compliance with financial regulations.

F.O.B. Shipping Point

A term used in shipping contracts indicating that the buyer is responsible for paying shipping costs and bears the risk of the goods once they are shipped by the seller.

Title Passes

Refers to the moment when ownership of goods is legally transferred from the seller to the buyer in a transaction.

Buyer Signs

Acts of formal agreement by a purchaser to terms or documents, such as contracts or purchase orders.