Describe the function of the World Trade Organization (WTO) and explain how it originated
What will be an ideal response?
The objective of the WTO is to help world trade flow as smoothly, freely, and predictably as possible. It accounts for over 97% of world trade and has moved toward creating a single open world market. Many negotiations in recent years have focused on issues related to economic development. It was created in 1984 during the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), which was established in the aftermath of World War II.
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Which of the following describes an organization whose design is not defined by, or limited to, boundaries imposed by a predefined structure?
a. functional b. boundary less c. divisional d. geographic e. product
When representing their client to third persons in a sale, a licensed real estate broker is operating under the law of:
a. real estate. b. power-of-attorney. c. agency. d. licensure.