Which of the Following Statements About the World Trade Organization

question 171

Multiple Choice

Which of the following statements about the World Trade Organization (WTO) is most accurate?

• A) The WTO acts as an agent in trade negotiations between its members and the remainder of the world.
• B) The 119 member countries of the WTO account for about 25 percent of world trade.
• C) The WTO attempts to mitigate trade wars between countries.
• D) The WTO uses legal scholars who can only issue nonbinding recommendations.
• E) The WTO was formed by the United Nations.

---

Definitions:

Limited Queue Length

In operations management, it refers to a constraint on the maximum number of items or entities that can wait in line to be processed.

Multichannel

Refers to using multiple channels of communication or distribution to interact with customers or deliver products/services.

M/M/S System

A mathematical model used in queue theory representing a system with multiple servers where arrivals and service times follow a Poisson and exponential distribution respectively.

Single Queue

A method of organizing waiting lines that directs all customers to form one line that feeds into multiple service points.