Give an account of the functions of the World Trade Organization (WTO) and the formation of the WTO from GATT
What will be an ideal response?
The General Agreement on Tariffs and Trade (GATT), established in 1947 and modified in 1994, was designed to promote world trade by reducing tariffs and other international trade barriers. It established the World Trade Organization (WTO), which replaced GATT in 1995 and now oversees the original GATT provisions. WTO and GATT member nations have met in eight rounds of negotiations to reassess trade barriers and establish new rules for international trade. The WTO also imposes international trade sanctions and mediates global trade disputes. Its actions have been productive. The first seven rounds of negotiations reduced the average worldwide tariffs on manufactured goods from 45 percent to just 5 percent.
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To evaluate the amount of dividends they receive, investors use the ratio called
A) Price/Earnings ratio B) Return on Equity C) Dividend yield ratio D) Current ratio
One of the overall goals of the Pancake House Restaurant is customer satisfaction. In the light of that goal, match the learning and growth perspective with the appropriate objective
a. Customer satisfaction means that the chefs engage in culinary continuing education. b. Customer satisfaction means that customers receive their food within 10 minutes of placing an order. c. Customer satisfaction means that the customer appreciation program is successful. d. Customer satisfaction means that the restaurant is profitable.
Large or extraordinary debt is defined as overpaying for an acquired firm.
Answer the following statement true (T) or false (F)
Which of the traditional bases of power tend to produce commitment among followers?
a. reward power and legitimate power b. only reward power c. expert power and referent power d. only legitimate power