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?

    <p>Works for the common interest of its members</p> Signup and view all the answers

    What is the main characteristic of cooperatives?

    <p>They are businesses governed on the principle of one member, one vote</p> Signup and view all the answers

    What is the primary role of banks?

    <p>Provides several financial services to different types of customers</p> Signup and view all the answers

    What is the role of a government in a state?

    <p>Implementing, enforcing, and adjudicating the laws of the state</p> Signup and view all the answers

    What is sovereignty related to?

    <p>Most exclusive elements of the state</p> Signup and view all the answers

    What is a monarchy?

    <p>A form of government in which supreme power is absolutely lodged with an individual</p> Signup and view all the answers

    What is the main characteristic of totalitarianism?

    <p>Striving to regulate nearly every aspect of public and private life; no individual freedom</p> Signup and view all the answers

    What do commercial banks provide to businesses and individuals?

    <p>Loans and enable earning of interest</p> Signup and view all the answers

    What defines a corporation as a for-profit entity?

    <p>Formed to generate revenues and provide a return to their shareholders</p> Signup and view all the answers

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

    <p>Rather than distribute revenues to shareholders, use their revenues to further their objectives</p> Signup and view all the answers

    What do multinational corporations (MNCs) extend?

    <p>Ownership, management, production, and sales activities into multiple countries</p> Signup and view all the answers

    What are nonstate institutions?

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

    What does investment banks act as?

    <p>Financial intermediaries that performs a variety of services for businesses and some government.</p> Signup and view all the answers

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