What Type of Progress Has the World Trade Organization Made

question 37

Multiple Choice

What type of progress has the World Trade Organization made toward its goals of liberalizing world financial services, telecommunications, and maritime markets?

• A) slow-its activities have focused on complaint resolution, not trade barriers
• B) about as expected-there have been the usual victories and the usual defeats
• C) relatively fast-some authorities claim a new world order by the year 2016
• D) rapid-several major new treaties have been ratified in the last two years

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Definitions:

Mission Statement

A formal summary that defines the core purpose, aims, and values of an organization, guiding its decisions and actions.

Organizational Culture

The set of shared beliefs, values, norms, and practices that influences how people behave in an organization.

Institutional Identity

The collective way an organization presents itself to the public and stakeholders, encompassing its mission, values, culture, and image.

Strategy Pursued

The specific approach or course of action adopted by an organization or individual to achieve a set goal or objective.