Explain what the General Agreement on Tariffs and Trade (GATT) is and discuss the principles it was founded on
GATT refers to the General Agreement on Tariffs and Trade. The general purpose of GATT is to eliminate trade barriers between signatory countries and to bolster commerce. GATT was founded on the following principles:
Free Trade. The major focus of this treaty is to reduce trade barriers.
Most Favored Nation. This means that countries must treat every other member nation equally.
National Treatment. After imported products have entered the country, they must be treated the same as locally produced goods. In other words, countries may not discriminate against foreign goods by imposing additional taxes that do not apply to domestic goods.
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Customer evangelists are those who ________
A) use personal selling methods to market products and services B) spread the word about their good experiences with a brand or product C) use their expertise to influence people about specific products D) work with quality-assurance teams to improve product safety E) evaluate newly launched products in the marketplace
Match each term with the correct statement below.
a. common stock b. preferred stock c. cumulative preferred stock d. blue-chip stock e. blue-sky laws f. book value 1. Stock that pays a fixed dividend that is normally a percentage of the par value of the stock 2. Stock that has voting rights 3. A stock of a well-established, large, and stable company 4. State rules against the offering of worthless securities 5. The value of the stock relative to the value of the company 6. Stock that accumulates unpaid dividends until they are all paid
Garth has successfully completed resilience training. As a result, the next time he faces a highly challenging situation, he will think of
A) the skills he has to deal with the situation. B) all the good things that are taking place in his life. C) how his life used to be better. D) how much worse off some of his friends are.
The Chairman of the Board must also be the CEO.
Answer the following statement true (T) or false (F)