The General Agreement on Tariffs and Trade (GATT) is based on the principle of: A. establishing a single international currency. B. tariff reductions through multilateral negotiations. C. converting tariffs to import quotas. D. establishing common environmental and labor standards for all member nations.

B. tariff reductions through multilateral negotiations.

Explanation:

GATT refers to General Agreement on Trade & Tariffs. The multilateral agreement was established among few countries around 1948. It aimed to promote free international trade, liberated by all trade reductant barriers - eg tariffs, quotas etc.

Later, in 1995 : GATT was reformed into WTO (World Trade Organisation). It is the intergovernmental organisation currently existing with 164 member nations. It regulates international trade of goods, services, international property rights etc between member nations. It also assists in international trade agreements negotiations, dispute settlements etc.

answer; engaging in effective public relations;

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.