BUSI 3250- Final Exam With 100% Correct Answers 2024

BUSI 3250- Final Exam With 100% Correct Answers 2024 T/F. One of the significant differences between formal and informal institutions is how they gain compliance. - answerTrue T/F. The United Nations operates with voluntary agreements, so it is essentially an informal institution. - answerTrue T/F. Permanent members of the UN Security Council vote on Security Council measures and only the Secretary-General of the UN has veto power. - answerFalse, everyone on the security council has the power to veto T/F. The World Bank is made up of one large institution, the International Development Association, and three smaller institutions. - answerFalse T/F. The International Finance Corporation (IFC) invests in companies and financial institutions in developing countries. - answerTrue T/F. The WTO has negotiated a TRIPS agreement whereby property rights do not take precedence over public health. - answerTrue T/F. ASEAN, whose initial, political goal was to foster peaceful relations among members, includes China as its core member. - answerFalse T/F. The EU is administered by the European Commission a group composed of six commissioners, elected at the EU level. - answerFalse, there are 28. One for every member- country With respect to the current state of global problems, Mark Malloch Brown, former deputy secretary-general of the United Nations, suggests that A.) as the world becomes more closely connected, it becomes less governable at the national level B.) the UN is the only institution that can help us deal with complexity C.) complexity can be addressed with trade organizations such as the EU and NAFTA D.) military alliances are needed for increased peace in an increasingly complex world - answerA, as the world becomes more closely connected, it becomes less governable at the national level At the end of World War II, the UN called for the conference that set u[ the World Bank and the IMF. The conference was held in A.) San Francisco, California B.) Yalta, Soviet Union C.) Grasleben, Germany D.) Bretton Woods, New Hampshire - answerD, Bretton Woods, New Hampshire T/F. CIBER is an international business research and education program located at the U.S. universities. - answerTrue T/F. Often new exporters think that they won't have to localize their approach, assuming that a marketing technique or distribution system that works in one country will work in another. - answerTrue T/F. The sales agreement should specify as simply as possible the duties of the buyer and the firm. - answerTrue T/F. On an open account, the buyer assumes a