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Klio2033 [76]
2 years ago
7

Mark each of the following statements, regarding the wto, as true or false. if false, correct the statement. ______ the wto was

formed by countries that conduct the majority of international trade.
Business
1 answer:
madam [21]2 years ago
3 0

The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.

<h3>Who formed the World Trade Organization?</h3><h3 />

The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.

The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.

Find out more on the World Trade Organization at brainly.com/question/25631712

#SPJ1

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Suppose a stock market boom makes people feel wealthier. The increase in wealth would cause people to desire: a) increased consu
Stels [109]

Answer:

a. Increased consumption , which shifts the aggregate-demand curve right.

Explanation:

When there is a boom in stockmarket which makes people wealthier, people's consumption would increase because of the desire and availability of money to purchase goods, which results in demand curve shifting right.

The boom in the stockmarket means people investment has appreciated hence are able to save and increase their consumption spending.

A shift in demand curve to the right means an increase in the quantity demand of goods and services while a shift in demand curve left means a decrease in the quantity demand of goods and services.

Other factor that could cause increased consumption and shifts in aggregate demand curve right is tax decrease. Tax is a compulsory levy imposed on an individual or an organization by the government.

When there is a tax decrease, people would be able to save more thus increase their desire to consume more hence demand curve would shift to the right.

3 0
3 years ago
Which of the following is an advantage of flexible manufacturing technologies? They have reduced the importance of technological
Georgia [21]

Answer:

They have increased the importance of production economies of scale.

Explanation:

Flexible production allows the manufacture of different types of products in the same industrial production line. This makes companies lower costs by avoiding tool change, time savings, and industry structure.

This type of economy fits into the description of economies of scale. Economies of scale are those where the increase in production results in a decrease in the average cost of the product. Increasing production - by including more products on the production line - without a proportional increase in the factory's installed capacity leads to a reduction in the average cost of production, ie it is an economy of scale.

4 0
3 years ago
Which report generated by marketing MIS shows which products are doing well and which need improvement or should be discarded al
jok3333 [9.3K]

Answer:

The correct answer is letter "C": Sales by Product report.

Explanation:

In the Marketing Information System (MIS), the Sales by Product Report stores the information of the product quantity, amount invoiced, journal amount, costs of the goods sold, taxes, and profits given a certain accounting period. Thanks to all that data provided, the organization is able to determine what products should continue being produced and which ones must be left behind.

8 0
3 years ago
Daniel purchased a bond on July 1, 2017, at par of $10,000 plus accrued interest of $300. On December 31, 2017, Daniel collected
Makovka662 [10]

Answer:

a. Daniel must recognize $300 interest income for 2017 and a $200 gain on the sale of the bond in 2018

Explanation:

Since the interest was collected of $600 and the accrued interest is $300, so the remaining amount $300 reflect the interest income

And,  the sale value of the bond is $10,200 without considering the interest collection  and its purchase price without considering the accrued interest is $10,000. So, after comparing the purchase price and the sale price the gain of $200 would be determined

$10,200 - $10,000 = $200

4 0
3 years ago
Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes
OLEGan [10]

Answer:

the total manufacturing cost is $39,150

Explanation:

The computation of the total manufacturing cost assigned as follows:

Overhead costs is

= 115% of $10,100

= $11,615

Now the total manufacturing cost is  

= Direct materials cost + Direct labor costs + Overhead costs

= $17,435 + $10,100 + $11,615

= $39,150

Hence, the total manufacturing cost is $39,150

3 0
2 years ago
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