A Foreign Alliance Talk (Scenario)

question 18

Multiple Choice

A Foreign Alliance Talk (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on foreign trade. The chamber president even goes so far as to say "and be sure to include the EU, NAFTA, CAEU, GAFTA and all that stuff because we're afraid the economists are right all the good jobs will have to go elsewhere." As you pour over your notes, you try to choose the best information to present in the allotted half hour.
-An important topic in your talk will be GAFTA. You want to explain that a key aim of the GAFTA agreement is to ________.

• A) create one economic bloc against other regional agreement such as those in the European Union
• B) negotiate collectively with China, the US, and other economic powers to improve trade terms for Arab countries.
• C) reach full liberalization of trade among member states.
• D) achieve complete economic integration among member states by the year 2020.

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Definitions:

Line Managers

Supervisors or managers who are directly responsible for overseeing the day-to-day work of other employees.

Planning

The process of making plans for something, including setting goals and determining the steps and resources needed to achieve those goals.

Top Managerial Positions

Refers to the highest-ranking roles within an organization, responsible for strategic decisions and overall direction.

Functional Manager

An individual in charge of overseeing a particular department or business area within a company, such as finance or marketing.