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Consider the following statements about the World Economic Forum:
1. It is a not for profit organization.
2. WEF supports public-private cooperation.
1. It is a not for profit organization.
2. WEF supports public-private cooperation.
Which of the following statements is/are correct?
- a)Only 1
- b)Only 2
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements about the World Economic Forum:1. It...
Overview of the World Economic Forum (WEF)
The World Economic Forum (WEF) is a renowned international organization that focuses on improving the state of the world through public-private cooperation. It brings together leaders from various sectors to discuss pressing global issues and develop collaborative solutions.
Statement 1: Not-for-Profit Organization
- The WEF is indeed a not-for-profit organization.
- It operates under the mission to engage political, business, and other leaders of society to shape global, regional, and industry agendas.
- Its funding primarily comes from its members, which are typically large corporations and organizations.
Statement 2: Supports Public-Private Cooperation
- WEF actively promotes public-private cooperation.
- It creates platforms for dialogue and collaboration among governments, businesses, and civil societies.
- The organization focuses on addressing challenges such as economic inequality, climate change, and technological disruption through collaborative initiatives.
Conclusion: Correctness of Statements
Both statements about the World Economic Forum are correct.
- The WEF is a not-for-profit entity committed to the betterment of society.
- It emphasizes public-private partnerships as a means to tackle complex global challenges.
Thus, the correct answer to the question is option 'C', confirming that both statements are accurate.
The World Economic Forum (WEF) is a renowned international organization that focuses on improving the state of the world through public-private cooperation. It brings together leaders from various sectors to discuss pressing global issues and develop collaborative solutions.
Statement 1: Not-for-Profit Organization
- The WEF is indeed a not-for-profit organization.
- It operates under the mission to engage political, business, and other leaders of society to shape global, regional, and industry agendas.
- Its funding primarily comes from its members, which are typically large corporations and organizations.
Statement 2: Supports Public-Private Cooperation
- WEF actively promotes public-private cooperation.
- It creates platforms for dialogue and collaboration among governments, businesses, and civil societies.
- The organization focuses on addressing challenges such as economic inequality, climate change, and technological disruption through collaborative initiatives.
Conclusion: Correctness of Statements
Both statements about the World Economic Forum are correct.
- The WEF is a not-for-profit entity committed to the betterment of society.
- It emphasizes public-private partnerships as a means to tackle complex global challenges.
Thus, the correct answer to the question is option 'C', confirming that both statements are accurate.
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Community Answer
Consider the following statements about the World Economic Forum:1. It...
World Economic Forum is a non-profit organization which was founded in January 1971 and is headquartered in Cologny-Geneva, Switzerland. It was formed with an initiative to improve the states of the world and was formerly known as the European Management Forum.Hence, Statement 1 is correct.
The WEF Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It strives to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance and supports Public-Private Cooperation. Hence, Statement 2 is correct.
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Consider the following statements about the World Economic Forum:1. It is a not for profit organization.2. WEF supports public-private cooperation.Which of the following statements is/are correct?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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