Explain the origin and purpose of the World Trade Organization
The WTO was established by GATT. It has the authority to resolve trade disputes between signatory countries. The WTO addresses primarily tariff violations or nontariff barriers. This international "court" may order compliance from any nation violating GATT and may penalize countries by imposing trade sanctions.
You might also like to view...
One of the criticisms of the master budget is that the traditional master budget is department oriented and does not recognize interdependencies among departments
Indicate whether the statement is true or false
A good leader is usually more valuable than an individual superstar. ____________________
Answer the following statement true (T) or false (F)
Centralized companies split their operations into segments and top management delegates decision making to the segment managers
Indicate whether the statement is true or false
Brad stands in front of Rooster's Round-Up Café, shouting "fighting words" that are likely to incite Rooster's patrons to respond violently. The First Amendment protects such speech
a. all of the time. b. none of the time. c. only if it is noncommercial. d. only if it is symbolic.