Which of the following indicates the difference between GATT and WTO?
A. WTO has strict time limits unlike GATT.
B. WTO operates on the basis of consensus unlike GATT.
C. GATT gives trading partners the right to compensation or, in the last resort, to impose (commensurate) trade sanctions unlike WTO.
D. GATT's verdict is binding unlike that of WTO's.
E. WTO allows member-countries to block adoption of arbitration reports unlike GATT.
A
You might also like to view...
Toyota, Sony, Olympus, and Komatsu are some of the well-known Japanese companies that use target costing, a process which is also known as "design to cost."
Indicate whether the statement is true or false
The basic purpose of a trial balance is to
A) list all of the accounts in the general ledger. B) list all of the accounts in the general ledger that have a balance. C) be sure that all journal entries have been recorded. D) verify that the total credits equal the total debits.