Which of the Following Statements Is True of the World

question 2

Multiple Choice

Which of the following statements is true of the World Trade Organization?

• A) Member states have a common tariff barrier against nonmembers.
• B) It is intended to create a common market.
• C) All members are obligated to harmonize their trade laws or face sanctions.
• D) It establishes guidelines for multinational corporations when operating in developed and developing countries.

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Definitions:

Change Competency

The ability of an individual or organization to adapt effectively to new conditions, challenges, or environments.

Technological Forces

The influences that advancements or changes in technology have on society, the economy, and individual businesses.

Competency

A combination of skills, knowledge, and behaviors that are required for effective performance in a job role.

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this behavior affects the performance of the organization.