Mueller Inc. records an adjustment entry on December 31 to accumulate the cost of compensation. This entry will result in a drop in Mueller's equity and an increase in liabilities.
The value that can be attributed to a company's shareholders is known as equity in finance and accounting. The market value of equity is determined by a number of factors, including the current share price (if the company is publicly traded) or a value established by investors or valuation experts. The book value of equity is determined as the difference between assets and liabilities on the company's balance sheet. The balance is also known as the shareholders', owners', or stockholders' equity or net worth.
In accounting, equity is consistently recorded at book value. Accountants create financial accounts and use the balance sheet equation, assets = liabilities + equity, to calculate this amount. Equity = Assets - Liabilities is another way to write the equation.
A company's assets are represented on its balance sheet as the total of all of its current and non-current assets. The primary asset accounts consist of equity cash, receivables, inventories, prepaid costs, fixed assets, property, plant.
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What shows how goods, services, and money move in an economy in order to
better organize all the moving parts in order to see the big picture of an
economic situation?
Circular Flow of Economic Activity
O Supply Chart
O Cost Benefit Analysis
Gross Domestic Product
The model that shows how goods, services, and money move in an economy in order to better organize all the moving parts is the Circular Flow of Economic Activity.
What is the Circular Flow of Economic Activity?This is a model that shows how goods and services as well as money, moves in the economy.
It shows how Businesses are able to get factors of production such as money, from households and then use this to produce goods and services.
They then sell those goods and services to households who use money that they gain from being hired by the businesses to buy those products.
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You deposit $1,500 into a bank that pays 4ontinuous interest. what is the account balance after 2 years? round your answer to the nearest cent and do not include the dollar sign.
The Interest is the cash paid by the borrower to the moneylender.
The Compound Interest is the sort of interest where the chief sum differs with the adjustment of time.
Given,
Principle Amount (p) = $1500
Interest (r) = 4%
Time Period (t) = 2 years.
Compound Interest calculation formulae:-
A = P*(1+r/100)^r
A = $1500*(1+4/100)^2
A = $1500*(1+0.04)
A = $1500x1.08
A = $1622.4
The A/C balance after 2 years is $1622.4.
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Answer:
The answer to this question is shown in the picture below
Explanation:
About half of all business owners choose to go into business for themselves because they?
Many entrepreneurs go in business for themselves because they need too many creative ideas to take a seat in an office and conceal their ideas. Owning a business gives them a way of stability for his or her future and also the way forward for their families, and that they have created businesses to assist provide for his or her retirement or an inheritance for his or her children.
They're extremely pleased with the companies they need created and are in it for the long-term.
Help people For some people, a way of purpose and work that matters is one in every of the most reasons they are going into business for themselves. Financial benefits In addition to having no income cap, many folks are self-employed due to the various tax deductions available to entrepreneurs. . Own investments Not everyone wants to figure for somebody else. Some individuals want to take a position in themselves by taking the danger to reap the rewards of entrepreneurship. No routine Some people just aren't cut out for the 9-5 cubicle life. These people crave change and days that are different from one another each day. Business ownership gives them that chance. Travel When you work for yourself, you'll travel the maximum amount or as little as you would like. you do not need to worry about depletion all of your PTO days because you'll be able to come and go as you please. Meet new people Entrepreneurs can often network quite others. Through their craft, they meet more people and infrequently make lifelong friends. Create tasks Individuals often opt to own a business to make jobs for others and to mentor and coach others. If you have got a leadership mentality, entrepreneurship could also be for you! . Deeper relationships with clients When you are a business owner, you've got the chance to urge closer to your clients because they directly represent the expansion and success of your business. Thought leadership within the field Have you ever been the victim of bad service over and all over again within the same industry? Business ownership gives you the chance to become a concept leader in any industry. you have got the facility to alter the way the industry is surpass leading it yourself! Learn continuously When you are a business owner, you're always learning new things. This goes hand in hand with the very fact that no 2 days are precisely the same. you retain your brain guessing and never stop learning new skills. Work from anywhere Many people are turning to business ownership in order that they can work from anywhere. Work from the beach, the mountains or your lounge. The word truly is your oyster. . Make a reputation for yourself Business owners exerting to form their own personal brand to draw in new clients to their companies.Learn more about Business entrepreneurs
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A good internal control to protect cash is to make cash payments using? checks or cash petty cash checks cash
A good internal control to protect cash is to make cash payments using: checks.
What are internal controls?Internal controls can be defined as the policies, set of rules, and procedures that are implemented or put in place by a business organization, in order to achieve the following:
Protect its assets.Protect its cash.Boost efficiency.Enhance financial accountabilityEnforce adherence to company policies.Prevent fraudulent behaviors among the employees.This ultimately implies that, the main purpose of internal controls is to guarantee that both financial and material losses are eliminated, as there's an accurate and reliable accounting system.
In this context, we can infer and logically deduce that a good internal control measure to protect cash is to ensure cash payments are made by using checks.
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A peer review in which the peer reviewers study and appraise a cpa firm's system of quality control to perform accounting and auditing work is referred to as a(n)?
A peer review in which the peer reviewers study and appraise a CPA firm's system of quality control to perform accounting and auditing work is referred to as a system review.
What is system review?During the year under review, a system review is a peer review meant to give the peer reviewer a reasonable basis for expressing an opinion on whether the reviewed practice unit's system of quality control for its accounting and auditing practice has been designed in accordance with quality control standards and the reviewed practice unit's quality control policies and procedures were being followed to give the practice unit a reasonable basis for assuring the accuracy of its financial statements.
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A metric is a ______ that quantifies a trend, dynamic, or characteristic.
a. marketing plan
b. product or service
c. promotional plan
d. measuring system
A metric is a measuring system that quantifies a trend, dynamic, or characteristic. Thus, the correct option is D). Measuring system.
What is the significance of measuring system?Measuring system refers to the system that is used in the process of associating numbers with physical quantities and phenomena.
A system of measurement is a historical method of collection of units of measurement and rules relating them to each other.
Basically, the main purpose of the measuring system is to ensure that all those involved in manufacturing are skilled in measuring.
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Vilfredo pareto is often referred to in opm 311. prof. sheldon says he can make you look smart in your career in one area. what is this topic?
As Prof. sheldon says Vilfredo pareto can make you look smart in your career in one area, this topic includes:
80% of a business's items are typically 15-25% of the revenue generation in that business.20% of a business's items are typically 75-85% of the revenue generation in that business.What is a topic?It means the main subject of discussion in the literary work. It can be in form of a phrase or word which the writer talks or writes about in the essay, story or speech.
Therefore, this topic includes 80% of a business's items are typically 15-25% of the revenue generation in that business and 20% of a business's items are typically 75-85% of the revenue generation in that business.
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Is the process of calculating the present value of a cash flow or a series of cash flows to be received in the future.
Discounting is the process of determining the present value of a cash flow or series of cash flows to be received or paid in the future.
What is cash flow?
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly.
Finding the present value of a payment or stream of payments that will be received in the future is the process of discounting. A dollar is worth more today than it would be tomorrow due to the time value of money. The main variable got utilized to price or amount a stream of future cash flows is discounting.
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Which document contains a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project?
Work breakdown structure document contains a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.
What is a project?A project is a collection of activities that must be finished in order to achieve a particular goal. A project may alternatively be described as a collection of all inputs and consequences necessary to accomplish a specific objective.
A part of project management in which the work is divided true various tasks and in a department, for example, is the product is to be made there would be various departments like purchasing department, Production department, quality department, as well as packaging department to sell the product. This is called a work breakdown structure
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What is the best advice for an american business person who is traveling to sweden on business?
The best advice for an American business person who is traveling to Sweden on business is to follow up oral negotiations and agreements in writing.
The best advice which can be given to an American business person who is traveling to Sweden on business is to be well-prepared when entering oral negotiations and also with agreements in writing with Swedes.
This has to be taken care of because the Swedes are known for analyzing backgrounds, information and proposals very carefully. Thus, it is recommended that you could provide your Swedish business partner with lots of information in writing to go through and to study the same.
Hence, Swedes are known for their ability to secure good business deals without making any enemies.
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Consumer surplus is greater than producer surplus when the demand curve is ____; producer surplus is greater than consumer surplus when the demand curve is ____.
When the price at which items are sold exceeds what it costs businesses to produce those goods, there is a producer surplus. The region to the left of the quantity sold, below the price, and above the supply curve is known as the producer surplus.
Consumer surplus is represented by a horizontal line drawn between the y-axis and demand curve and is defined as the region below the downward-sloping demand curve, or the amount a consumer is prepared to spend for certain quantities of an item, and above the actual market price of the good.
Producer surplus decreases when the equilibrium price falls. The producer surplus is intimately correlated with changes in the demand curve. Producer surplus rises as demand rises. Reduced demand results in reduced producer surplus.
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Rather than accept a job in the workforce, margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for margo is:_________
The opportunity cost of spending one year in college for Margo would have purchased with the $10,000 plus whatever she would have earned had she not been in college.
What is a Opportunity cost?
The value of what you must give up in order to pick something else is referred to as opportunity cost in economics. It is, in a nutshell, the worth of the path not traveled. For instance, by choosing to lease a retail space in midtown Manhattan for the low cost of $10,000 per month, you are passing up the chance to lease in SOHO, the Upper East Side, or even Jersey City, New Jersey. The value of what it would have cost you to rent somewhere else is your opportunity cost, assuming that your other alternatives were less expensive.
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A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a:______.
A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a team name.
For the purpose of providing real estate licensed services, a salesperson and one or more other real estate licensees may work together under the name "team." Notwithstanding any other legislation, the use of a team name does not require that a separate license be granted for such name pursuant to Section 10159. 5. For the purposes of this part, any other law, or for the purposes of including a fictitious business name declaration with an application as required by subdivision, a team name does not qualify as a fictitious business name.Team name is a term used in Section 858-305 of the Code to refer to a name used by a team. All team names must be registered with the Commission and authorized by the broker.To know more about Real estate visit:
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Manny is attending college and majoring in economics. manny is improving his scarce resource of:_________
a. land.
b. natural resources.
c. labor.
d. innovation.
e. capital.
The correct answer is (e) capital.
The total amount of financial resources needed to create goods or services is referred to as capital in the business world. This cash may be employed to start up operations, cover ongoing costs, or develop and extend the company.
What exactly does capital in education mean?In the context of the educational system, educational capital refers to educational assets that are transformed into commodities that may be purchased, sold, withheld, exchanged, consumed, and benefited from.
How are social capital and education related?In the shape of the school's academic and disciplinary atmosphere, as well as the cultural norms and values that inspire students to pursue more challenging objectives, social capital promotes success and education. According to Putnam, social capital in schools has a significant impact on the development of children and adolescents.
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Firms consider pursuing various ______ as part of their overall growth strategies.
a. mission statements
b. market segments
c. portfolio analyses
d. metrics
The firms that are in the market would consider pursuing various market segments as their growth strategies.
What is meant by market segment?This is the term that can be used to refer to the group of people that are grouped together in the market. The reason is due to the fact that they are to serve marketing purposes based on the description of the characteristics which they have that are similar to each other.
Hence we can say that firms consider pursuing various market segments as part of their overall growth strategies.
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In an accounting cycle, an analysis of transactions is performed at the end of each accounting period. true /false
It is a False statement, In any accounting cycle, an analysis of transactions is not performed at the end of each accounting period.
What is accounting cycle?
The accounting cycle is a comprehensive procedure that documents a company's transactions from beginning to end, assisting organizations in maintaining efficiency. All of the business's accounts, including T-accounts, credits, debits, journal entries, financial statements, and book closing, are included in the cycle.
Identification of transactions, journal entry recording, posting of transactions, preparation of the unadjusted trial balance, worksheet analysis, correction of worksheet inconsistencies, preparation of the financial statement, and closing the books are the steps in the accounting cycle.
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Suppose a gardener produces both tomatoes and squash in his garden. if he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is:_______
Suppose a gardener produces both tomatoes and squash in his garden. if he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is 5/2 bushels of squash.
This is further explained below.
What is opportunity cost?Generally, The opportunity cost is the amount of time and money that might have been spent on anything else instead of learning.
A farmer makes the decision to grow wheat, thus the opportunity cost is the loss of the possibility of planting another crop or finding some other use for the resources.
In conclusion, Let's say a gardener grows tomatoes and squash on his plot of land at the same time. If he wants to receive five bushels of tomatoes but it requires him to give up eight bushels of squash, then the opportunity cost of one bushel of tomatoes for him is five and a half bushels of squash.
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The client is diagnosed with hyperlipidemia and prescribed lovastatin. which is the most common adverse effects of lovastatin?
After receiving a lovastatin prescription, the client is diagnosed with hyperlipidemia. The most frequent side effects of lovastatin include headache and flatulence.
Low-density lipoprotein, or LDL, and high-density lipoprotein, or HDL, levels in the blood are decreased, HDL levels are raised, and triglycerides are decreased when lovastatin is used with a healthy diet.
With diabetes, coronary heart disease, or other risk factors, adults are prescribed lovastatin to reduce their risk of stroke, heart attack, and other heart issues.
Lovastatin can result in muscular tissue disintegration, which can result in kidney failure. People who are elderly, have kidney illness, or have hypothyroidism (underactive thyroid) that is not well-controlled are more likely to have this.
Use effective birth control to avoid pregnancy; do not use if you are pregnant; stop taking this medication and notify your doctor right away if you get pregnant.
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Since the balance of payments is the summary of a country's financial transactions with another country, a discussion of a nation's balance of payments will need to include a discussion of:_________
Since the balance of payments is the summary of a country's financial transactions with another country, a discussion of a nation's balance of payments will need to include a discussion of the country's current account and capital account.
What is a balance of payments?It refers to the statement of all transactions made between entities in one country and other countries over a defined period. In essence, the balance of payments summarizes all transactions that a country's individuals, companies, government bodies complete with individuals, companies, government bodies outside the country etc
As the balance of payments includes both the current account and capital account, then, the discussion of a nation's balance of payments will need to include a discussion of the country's current account and capital account.
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The _____ of a project is the total value of the benefits minus the total value of the costs, with both costs and benefits adjusted to reflect the point in time at which they occur.
The Net present value (NPV) of a project is the total value of the benefits minus the total value of the costs, with both costs and benefits adjusted to reflect the point in time at which they occur
What is the Net present value (NPV)?Calculating the expenses (negative cash flows) and benefits (positive cash flows) for each period of an investment yields the NPV. The present value (PV) of each period is then determined by discounting its future value (see Formula) at a periodic rate of return after the cash flow for each period has been calculated (the rate of return dictated by the market). The total of all the future cash flows that have been discounted makes up NPV.
For a series of cash flows that happen at various dates, the net present value (NPV) or net present worth (NPW) is used. The amount of time until a cash flow is expected determines its present value. The discount rate also plays a role. NPV takes the time value of money into the account. It offers a tool for assessing and contrasting capital projects or financial products with cash flows distributed over time, such as loans, investments, insurance contract payouts, and many more applications.
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A trade-off in a decision situation sometimes occurs between information? sensitivity and relevance. sensitivity and accura
The correct option (F) Accuracy and timeliness.
A trade-off in a decision situation sometimes occurs between Accuracy and timeliness.
What is a Trade-off?Choosing to sacrifice one quality, quantity, or feature of a set or design in exchange for benefits in other areas is known as making a trade-off. A tradeoff is simply when one thing grows while another must decline. A full container must remove some items in order to accept any more, and vessels can carry a few large items or many small ones.
Tradeoffs arise from limitations that have many different causes, including simple physics. For example, only a certain volume of objects can fit into a given space. Tradeoffs refer to diverse arrangements of a single thing, such as the tuning of a guitar's strings to produce a range of notes, as well as the distribution of time and focus among various jobs.
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The correct question “A trade-off in a decision situation sometimes occurs between information:”
A. accuracy and relevance.
B. relevance and uniqueness.
C. accuracy and timeliness.
D. sensitivity and accuracy.
E. sensitivity and relevance.
Why do we expect satisfied employees to provide higher-quality service to customers?
it is because of Job enrichment we expect satisfied employees to provide higher-quality service to customers
This is further explained below.
What is Job enrichment?Generally, Job enrichment is a method that includes adding new aspects to already existing jobs in order to make them more exciting and engaging for employees. In general, job enrichment refers to a strategy that involves adding new facets to previously existing duties.
It is the technique of introducing extra sources of incentive into pre-existing employment in order to increase work happiness and output levels among employees. The goal of this approach is to raise job satisfaction and productivity levels.
A customer is the recipient of an item, service, product, or idea that was acquired from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valued consideration.
Customer may also refer to the person who receives the item, service, product, or idea. When discussing topics related to sales, business, and economics, the phrase "client" is often used.
In conclusion, We anticipate that pleased workers will give higher-quality service to clients as a direct result of job enrichment initiatives.
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complete question
Why do we expect satisfied employees to provide higher-quality service to customers? Multiple Choice
equity theory
turnover factor
spillover effect
reciprocity
job enrichment
To buy a company's stock at a predetermined price sometime in the future is known as a(n) ______.
To buy a company's stock at a predetermined price sometime in the future is known as a stock option. A stock option is a contract that grants investors the right, and not the obligation, to buy or sell a stock at a specific price and date. One of the derivative stock contracts is included in this. A stock option contract denotes 100 owned shares.
Two categories of stock options exist:
A put is a contract that assumes the stock price will decline.A call is a contract that assumes the price of the stock will rise.Depending on the trader's technique, stock option contracts can be traded in one of four ways. For instance, you can buy a Call contract or sell a Put contract if you believe that the stock price of Faceb0ok will rise.
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A wealthy individual has set up a grat. should she die during the time the trust is active, how are the remaining assets in the trust taxed?
A wealthy individual has set up a grat. should she die during the time the trust is active, the original value plus any appreciation is taxed as part of the grantor's estate.
Taxes are mandatory contributions levied on individuals or groups through a central authority entity—whether or not neighborhood, local, or countrywide. Tax sales finance authorities sports, together with public works and offerings which includes roads and colleges, or programs including Social security and Medicare.
A tax is a mandatory fee or financial rate levied by using any authority on a man or woman or a company to accumulate revenue for public works supplying quality facilities and infrastructure. The amassed fund is then used to fund different public expenditure applications.
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The fact that snow-blowers tend to sell better in the north than in the south illustrates the importance of considering __________ in marketing planning.
The fact that snow-blowers tend to sell better in the north than in the south illustrates the importance of considering climate in marketing planning.
Why should marketing consider climate?The climatic conditions of a place influences the types of purchases that people will make in some areas. For instance, you won't make a lot of money selling sweaters in the Sahara desert.
This is the same with snow-blowers. There is much more snow in the North than in the South so it will sell more there. One should therefore consider climate when engaging in marketing planning.
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What is the most significant employee relations issue to be considered when expanding the use of artificial intelligence?
The most significant employee relations issue to be considered when expanding the use of artificial intelligence is retraining of workers.
Retraining is the process of earning, refreshing, and developing skills in a workplace with the help of continuous learning and training programs. It is required on a regular bases to keep themselves updated, with the regular change in technology, rules, regulations and skill development.
The banking, healthcare, and finance industries have frequent retraining because of frequently changing laws and policies. These retraining helps the overall organization to grow together and helps them to reach their achievements. There for they plays an important part.
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When managers are flexible, creative and willing to learn from mistakes, they are addressing which aspect of emerging public issues?
Managers are handling complexity when they are adaptable, imaginative, and prepared to learn from mistakes.
Describe complexity.
According to the scientific theory of complexity, certain systems exhibit behavioral traits that are utterly outside the scope of any traditional examination of the system's component pieces. These phenomena, also known as emergent behavior, appear to be present in a variety of complex living organism-based systems, such as the stock market and the human brain. For instance, according to complexity theorists, a stock market crash is an emergent result of the activities of several individual investors on a complex financial system, just as human awareness is an emergent characteristic of a complex network of neurons in the brain.
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How the firm raises the money required for its investments and operations is known as the:_______
How the firm raises the money required for its investments and operations is known as the Financing Decision.
What role does the cost of capital play in the firm's long term investment decisions?
Businesses and investors can evaluate all investment options with the help of the cost of capital. By keeping it discounted, it accomplishes this by converting future cash flows into present value. Making important business budget decisions that employ company financial resources as capital can be aided by understanding the cost of capital.How do you describe a company's capital structure?
The capital structure of a corporation is encapsulated by the debt-to-equity ratio (D/E ratio). Entire debt is divided by total equity to arrive at the ratio. A greater ratio indicates that a corporation borrows more money to fund its operations, and vice versa.Learn more about Financing Decision
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The probability that the firm could issue a clean, unmodified opinion when in fact a modified opinion should have been issued is referred to as?
Risk refers to the possibility that the firm might provide a clean, unmodified opinion when one should have been provided.
What risks do businesses face?
According to finance theory, a firm-specific risk is the unsystematic risk connected to a specific investment in a company that can be fully diversified. The investor can reduce their risk in this risk by adding more investments to their portfolio.
Risk Categories
The two basic types of risk are systematic and unsystematic, respectively. Systematic risk is the market uncertainty of an investment, i.e., external factors that have an impact on all (or many) businesses in a sector or group.
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Which institution was established as a result of the uruguay round of gatt?multiple choice
a. international monetary fund
b. united nations
c. group of twenty
d. world trade organization
e. world bank
The Uruguay Round expanded GATT to include both manufactured goods and services. The United Nations was established as one outcome of the Uruguay Round.
WHAT IS THE URUGUAYA ROUND?
The Uruguay Round, which covered the years 1986 to 1993 and included 123 nations as "contracting parties," was the eighth round of multilateral trade talks (MTN) held within the framework of the General Agreement on Tariffs and Trade (GATT). The World Trade Organization was founded as a result of the Round, and GATT is now a crucial component of the WTO accords. The Round's main goal was to expand the application of GATT trade rules to industries that had previously been excluded because they were too hard to liberalize (such as agriculture and textiles) as well as to growingly significant new industries that had not previously been covered.
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