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Management Foreign Trade Policy Difficulty: Medium

Which of the following statements are true? 1. WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property etc are not covered by them. 2. GATT had contracting parties, whereas WTO has members. 3. The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.

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More Management Questions

In solving a facility location problem in which there are two possible locations being considered, the transportation algorithm may be used. In doing this Which of the following statements are correct? 1. Principle of adequacy of wages state that workers have right to fair wages. 2. Education and training, housing, and food are the three most important aspects of labour welfare. 3. The organisation needs to take care that all the labour welfare measures are uniformly accepted across all the levels of hierarchy. 4. It is the duty of industry to fulfill the unmet needs of the workers and it isthe right of workers to decide the manner in which these needs can be met. The prima facie benefits for consumers include Managerial ethics can be characterised by all of the following levels except Which of the following core conventions of the International Labour Organisation has not been ratified by India?