Under GATT's Principle of __________ Tariffs,each Time Tariffs Are Reduced,they

question 54

Multiple Choice

Under GATT's principle of __________ tariffs,each time tariffs are reduced,they may not be raised again without compensation to other World Trade Organization members.

• A) absolute
• B) based
• C) bound
• D) nationalized

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Definitions:

Discount Period

The time frame in which a discount is offered for early payment on goods or services, or the period before a financial instrument reaches maturity.

Full Settlement

A financial agreement where all claims or debts between parties are resolved by paying a single lump sum.

Discount Period

The timeframe in which a discount is offered for early payment of invoices, encouraging quicker payment from buyers.

Inventory Shrinkage

The loss of products between acquisition and sale, often due to theft, damage, or errors in counting.