Political Science and Business Organizations Quiz
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Political Science and Business Organizations Quiz

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@UnbeatableAcademicArt

Questions and Answers

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?

<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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