What Was the First Major Trade Agreement of the Twentieth

question 8

Multiple Choice

What was the first major trade agreement of the twentieth century to establish rules and guidelines for global commerce?

• A) NAFTA (North American Free Trade Agreement)
• B) GATT (General Agreement on Tariffs and Trade)
• C) FTAA (Free Trade Area of the Americas)
• D) APEC (Asia Pacific Economic Cooperation)

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Definitions:

Zone Of Indifference

A range within which attempts to influence a person will be perceived as legitimate and accepted without critical thought.

Psychological Contract

Is an unwritten set of expectations about a person’s exchange of inducements and contributions with an organization.

Chester Barnard

An American business executive and author, known for his work on management theory and organizational studies.

Hierarchical Thinking

The cognitive process of organizing concepts, ideas, or information into levels of importance or ranks.