Which of the Following Statements About the World Trade Organization

question 92

Multiple Choice

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

• A) The World Trade Organization is a temporary institution.
• B) The 28 member countries of the WTO account for less than 40 percent of world trade.
• C) The WTO sets rules governing trade between its members and the rest of the world.
• D) The WTO uses panels of business professionals who can issue only nonbinding recommendations.
• E) The WTO was formed by the major industrialized nations of the world.

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Definitions:

Leader

An individual who influences and guides others towards achieving a common goal, often by demonstrating vision, initiative, and direction.

Follower

An individual who supports and is guided by another person, usually in the context of a leader-member relationship.

Nahrgang, Morgeson, Ilies

Researchers known for their contributions to the fields of organizational behavior and leadership studies.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, often associated with effective leadership.