The _____ Formed in 1995 and Administers Its Own Trade

question 16

Multiple Choice

The _____ formed in 1995 and administers its own trade agreements,facilitates future trade negotiations,settles trade disputes,and monitors the trade policies of member nations

• A)International Monetary Fund
• B)United Nations
• C)World Trade Organization
• D)North American Free Trade Act
• E)European Union

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Definitions:

Credit Sale

A transaction where goods or services are provided to a customer with an agreement to pay at a later date.

Gross Profit

The difference between revenue and the cost of goods sold, representing the profit a company makes after deducting the costs associated with making and selling its products or services.

Sales Discounts

Reductions granted on the selling price of goods or services to encourage prompt payment by the customer.

Cash Collection

The process of gathering and managing payments received from customers.