When a Locally Owned Construction Firm Fears New Competition from a National

question 75

Multiple Choice

When a locally owned construction firm fears new competition from a national chain such as Toll Brothers moving in,it is experiencing a change in its

• A) internal environment.
• B) external environment.
• C) physical work environment.
• D) government regulations.
• E) organizational culture.

Examine the role and functions of international trade organizations, particularly the World Trade Organization (WTO).

Assess the economic implications of trade restrictions, including their impact on domestic employment and international relations.

Identify the principles and historical context of the General Agreement on Tariffs and Trade (GATT) and its transition to the WTO.

Evaluate the concept of dumping in international trade and its related policy responses.

---

Definitions:

Common Ancestor

The most recent individual from which all organisms in a group are directly descended.

Million Years

A unit of time used in geology, paleontology, and astronomy, equivalent to 1,000,000 years, often used to date events or processes on a geological time scale.

Chimpanzees

A species of great apes known for their intelligence and complex social behaviors, closely related to humans and sharing approximately 98% of our genetic DNA.

Closely Related

Closely related refers to entities that share a significant amount of common characteristics or genetic material, often leading to similarities in form, function, or behavior.