16 Questions
What is the main characteristic of a state?
Is an organized political community united by common set of laws
Which element is essential for a state's existence?
Territory including land, water, and airspace
What distinguishes the concept of state from the concept of government?
The particular group of people that controls the state at a given time
What is the primary function of a trade union?
Works for the common interest of its members
What is the main characteristic of cooperatives?
They are businesses governed on the principle of one member, one vote
What is the primary role of banks?
Provides several financial services to different types of customers
What is the role of a government in a state?
Implementing, enforcing, and adjudicating the laws of the state
What is sovereignty related to?
Most exclusive elements of the state
What is a monarchy?
A form of government in which supreme power is absolutely lodged with an individual
What is the main characteristic of totalitarianism?
Striving to regulate nearly every aspect of public and private life; no individual freedom
What do commercial banks provide to businesses and individuals?
Loans and enable earning of interest
What defines a corporation as a for-profit entity?
Formed to generate revenues and provide a return to their shareholders
What is the primary objective of not-for-profit entities?
Rather than distribute revenues to shareholders, use their revenues to further their objectives
What do multinational corporations (MNCs) extend?
Ownership, management, production, and sales activities into multiple countries
What are nonstate institutions?
People and/or organization that participate in international affairs and relations but are not affiliated with any state or nation.
What does investment banks act as?
Financial intermediaries that performs a variety of services for businesses and some government.
Test your knowledge on the concepts of state, government, corporation, banks, and trade unions. This quiz covers the definitions and features of these key entities in political science and business studies.
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