University of Central Florida (UCF) GEB3375 Intro to International Business Practice Exam 2

The purpose of the World Intellectual Property Organization (WIPO) encompasses multiple facets of intellectual property (IP) protection and administration. The core mission of WIPO is indeed to promote the protection of intellectual property throughout the world. This mission underlies its efforts to foster a balanced international IP system that encourages innovation and creativity, which is reflected in the first choice.

Furthermore, WIPO is dedicated to ensuring administrative cooperation among its member states. This cooperation facilitates the coordination of IP policies and helps to streamline processes related to IP protection on a global scale, aligning with the second choice.

Additionally, WIPO administers various international agreements and treaties concerning trademarks and other forms of intellectual property. This administration is vital for maintaining an organized framework for IP rights worldwide, which relates directly to the third choice.

Given that WIPO's functions include promoting IP protection, ensuring cooperation among its member states, and administering trademarks and other IP rights, it confirms that all of these aspects are integral to its purpose, making the comprehensive answer the most accurate representation of WIPO's goals and functions.