The World Trade Organization (WTO) refers to
A. a multinational trade organization composed of the world's wealthiest nations whose primary purpose is to aid in the economic growth of developing nations.
B. the world's largest licensing institution responsible for the certification of products distributed to a global market.
C. an institution that sets rules governing trade between its members through panels of trade experts who decide on trade disputes between members and issue binding decisions.
D. the world's largest banking institution responsible for establishing and maintaining equitable exchange rates for all member nations.
E. a multinational trade organization comprised of the world's wealthiest nations whose primary purpose is to promote free trade economies.
Answer: C
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Which of the following is not a factor when determining how much information is given the scope of the presentation?
A) Number of members in the audience B) Time needed for the introduction C) Demonstrations D) Questions E) Videos
Tactics designed to create power equalization are often employed as a way to
A. diminish the expert power of the other party. B. block the other's power moves. C. level the playing field. D. gain advantage in a distributive bargaining situation.
Mark is the treasurer of Sky-Hi-Tech Corporation and, as such, he is responsible for protecting
he assets of the corporation. One of Mark's subordinates, Jill, is in charge of reconciling the monthly corporate bank statements. Over a period of several months, Jill embezzles a large amount of money from Sky-Hi-Tech, covering up the theft using her bank reconciliations. If Mark had adequately supervised Jill, she could not have embezzled this money. Mark's actions (or inactions) constitute a breach of his duty of: A) Loyalty. B) Obedience. C) Ultra vires. D) Due care. E) This is not a violation of any duty due to the business judgment rule.
Rita borrows $30,000 from South State Credit Union. South State accepts Rita's equity in her home as collateral, which can be seized if the loan is not repaid on time. This is
A. a home equity loan. B. a hybrid mortgage. C. a reverse mortgage. D. a violation of the law.