The Purpose of the General Agreement on Tariffs and Trade

question 91

Multiple Choice

The purpose of the General Agreement on Tariffs and Trade (GATT) is to

• A) facilitate global trade.
• B) create common market arrangements in specific geographical regions.
• C) negotiate an end to civil wars.
• D) establish a set of international property right laws.

Grasp the concept and examples of organizational citizenship behaviors.

Understand the importance and methods of creating performance measurements and the potential biases associated with them.

Familiarize with the challenges and advantages of different performance appraisal formats, including behaviorally anchored rating scales and management by objectives (MBO).

Understand the role of personal traits and results-based criteria in performance evaluations.

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Definitions:

Fraudulent Transfers

Transactions made to evade creditors by transferring assets to another party, typically considered illegal.

Employment Contract

A formal agreement between an employer and an employee outlining the terms of employment, including duties, duration, and compensation.

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure debt under court supervision.

Sole Proprietorship

A form of business under which one person owns and controls the business.