A Principal Objective of the World Trade Organization Is to

question 136

Multiple Choice

A principal objective of the World Trade Organization is to

• A)Protect import-competing producers.
• B)Equalize income tax structures in various countries.
• C)Assist in retraining workers displaced by imports.
• D)Reduce barriers to trade.

---

Definitions:

Outsourcing

The practice of hiring third parties to perform services or produce goods that traditionally were performed in-house by the company's own employees and staff.

Strategic Business Alliances

Partnerships between businesses to share resources, knowledge, and capabilities to pursue mutual goals.

Behavioural Issues

Challenges or problems related to the actions or behaviors of individuals within an organization, which can impact productivity and morale.

Management Accounting Systems

Systems used within a company to provide financial and non-financial information that helps managers make decisions to fulfill the goals of an organization.