A Speech on Trade Alliances (Scenario)

question 12

Multiple Choice

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!
-As a starting point you explain that the European Union covers a population base consisting of 7 percent of the world population.It currently has ________ member countries.

• A)15
• B)27
• C)18
• D)32

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Definitions:

Outcome Determination

The process of deciding or establishing the result or consequences of an action, often used in the context of dispute resolution or performance evaluation.

Workplace Outcomes

The results or consequences of particular practices and policies implemented in a work environment.

Unionism

The principles, practices, or system of forming, joining, and operating trade unions to protect and improve workers' rights and conditions.

Equity

A principle of fairness in treatment and distribution of resources, or ownership interest in a company through shares.