The GATT Became Part of the World Trade Organization in 1995

question 61

True/False

The GATT became part of the World Trade Organization in 1995 with the ratification of the Uruguay Round agreements.

---

Definitions:

Take Initiative

The act of taking the first step or move in a situation without waiting for others to act.

Shared Ownership

A form of property ownership where multiple parties hold rights to use or possess property, often seen in businesses and real estate.

Tight Control

A management approach that relies on closely monitoring and controlling organizational activities and processes.

Production-Centred

Focused or centered around the production or manufacturing process within an organization.