Political Science and Business Organizations Quiz

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Questions and Answers

What is the main characteristic of a state?

Is an organized political community united by common set of laws (correct)
Acts as a financial institution licensed to provide financial services
Is a form of business operation guided by a group of officers
Uses absolute power in directing the path of a society

Which element is essential for a state's existence?

Formation of trade unions for workers
Territory including land, water, and airspace (correct)
Licensing to provide financial services
Declaration as a separate entity guided by a group of officers

What distinguishes the concept of state from the concept of government?

The particular group of people that controls the state at a given time (correct)
The concept of state uses absolute power in directing the path of a society
The principle of one member, one vote governance
The formation of organizations by workers from related fields

What is the primary function of a trade union?

Works for the common interest of its members (D) Signup and view all the answers

What is the main characteristic of cooperatives?

They are businesses governed on the principle of one member, one vote (C) Signup and view all the answers

What is the primary role of banks?

Provides several financial services to different types of customers (D) Signup and view all the answers

What is the role of a government in a state?

Implementing, enforcing, and adjudicating the laws of the state (B) Signup and view all the answers

What is sovereignty related to?

Most exclusive elements of the state (D) Signup and view all the answers

What is a monarchy?

A form of government in which supreme power is absolutely lodged with an individual (C) Signup and view all the answers

What is the main characteristic of totalitarianism?

Striving to regulate nearly every aspect of public and private life; no individual freedom (C) Signup and view all the answers

What do commercial banks provide to businesses and individuals?

Loans and enable earning of interest (C) Signup and view all the answers

What defines a corporation as a for-profit entity?

Formed to generate revenues and provide a return to their shareholders (A) Signup and view all the answers

What is the primary objective of not-for-profit entities?

Rather than distribute revenues to shareholders, use their revenues to further their objectives (C) Signup and view all the answers

What do multinational corporations (MNCs) extend?

Ownership, management, production, and sales activities into multiple countries (C) Signup and view all the answers

What are nonstate institutions?

People and/or organization that participate in international affairs and relations but are not affiliated with any state or nation. (C) Signup and view all the answers