The WTO Was Created in 1947 to Reduce Tariffs Through

question 41

True/False

The WTO was created in 1947 to reduce tariffs through continuous negotiations among member nations.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Division of Labor

The practice of breaking down work into specialized tasks, each carried out by different workers or groups of workers.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

HR Unit

A division within a company focused on employee recruitment, management, and company policies adherence.