Which of the Following Statements About the World Trade Organization

question 314

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 153 member countries of the WTO account for more than 90 percent of world trade.
• C) The WTO sets rules governing trade between its members and the remainder of the world.
• D) The WTO uses panels of trade experts who can issue non-binding recommendations.
• E) The WTO was formed by the United Nations.

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Definitions:

Ethical Issues

Challenges or situations that require a choice between options that must be evaluated as right or wrong, ethical or unethical.

Cultural Setting

The collection of beliefs, practices, norms, and values shared by a group of people that influences their behaviors and interactions.

Future Search Conferences

Participatory planning meetings that bring diverse groups of people together to envision and plan for a shared future.

Organizational Change

The process through which organizations transform their structure, culture, or operational processes to adjust to internal and external changes.