The General Agreement on Tariffs and Trade (GATT)was Initiated in Response

question 34

Multiple Choice

The General Agreement on Tariffs and Trade (GATT) was initiated in response to

• A)in increase in exports of low-priced goods from developing countries to developed countries.
• B)the replacement of manufacturing jobs with service jobs in developed countries.
• C)economic dislocations caused by the North American Free Trade Agreement (NAFTA)in the 1990s.
• D)high tariffs imposed during the Great Depression of the 1930s.

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Definitions:

Decentralization

The distribution of decision-making powers and operational activities away from a central authoritative location or group.

Advantage

A condition or circumstance that puts one in a favorable or superior position.

Cost Driver

A cost driver is a factor that causes a change in the cost of an activity, influencing the cost of production and operation in both direct and indirect cost management.

Support Department

A non-production department that provides essential services and support to the production departments and other parts of an organization.