INTB 3355 Final Exam Questions With
Complete Solutions
/. Part of the United Nations that is concerned with issues involving trade, transport,
industrialization, and the human environment - Answer-✅Economic and Social Council
/.International Monetary Fund - Answer-✅a United Nations agency to promote trade by
increasing the exchange stability of the major currencies
/.International Monetary Fund (facts) - Answer-✅It makes Funds available for Balance-
of-Payment corrections.
It operates as a collaboration of nations
It promotes international monetary cooperation
/.Which worldwide organization has 193 member-nations and is dedicated to the
promotion of peace and global stability - Answer-✅United Nations
/.Formal/Informal institutions use norms, values, customs, and ideologies to mold
behavior. - Answer-✅Informal
/.Began as a military and security agreement in Asia - Answer-✅ASEAN
/.Five basic principles on which the Global Trade System rests (WTO negotiations) -
Answer-✅Trade without discrimination
Encouraging development and economic reform
Predictability, through binding and transparency
Freer trade, gradually, through negotiation
Promoting fair competition
/.Two major global monetary institutions - Answer-✅International Monetary Fund
World Bank
, /.trade-related intellectual property rights (TRIPS) - Answer-✅refers to the WTO
agreement that protects copyrights, trademarks, trade secrets, and other intellectual
property matters
/.Common Market - Answer-✅Created when a customs union lifts restrictions on the
mobility of services, people, and capital among the member-nations.
EX: "Common Economic Space" (Russia, Belarus, Kazakhstan"
/.Council of the European Union - Answer-✅Represents the member states and is the
primary policy-setting institution of the EU.
/.International Finance Corporation - Answer-✅Invests in companies in developing
countries to build domestic capital markets so local entrepreneurs have access to
funding.
/.Multilateral Investment Guarantee Agency - Answer-✅Encourages foreign direct
investment in developing economies and guarantees private sector investment.
/.International Centre for the Settlement of Investment Disputes - Answer-✅Resolves
disagreements between governments and foreign investors.
/.Main Deliberative body of the United Nations in which each nation has one vote
regardless of size wealth, or power - Answer-✅General Assembly
/.Rule-Based, member driven organization with decisions negotiated by all the member
governments and is the only global international organization designed to establish and
help implement rules of trade between nations - Answer-✅World Trade Organization
/.Supports Governements in their efforts to increase economic growth, fight poverty,
maintain financial stability, and help nonmember-nations' economic growth.
Provides information and support on economic and other activities within its member-
nations and serves as a forum for discussion of shared economic and social policy
issues - Answer-✅OECD (Organization for Economic Co-Operation and Development)
/.Cognitive institutions are important to the international manager because - Answer-
✅these institutions help the manager understand the schema operating in their
international environments and are easily missed or misunderstood by the nonnative so
can easily lead to misunderstandings.
/.Cognitive Institutions - Answer-✅Duty
Motherhood
Complete Solutions
/. Part of the United Nations that is concerned with issues involving trade, transport,
industrialization, and the human environment - Answer-✅Economic and Social Council
/.International Monetary Fund - Answer-✅a United Nations agency to promote trade by
increasing the exchange stability of the major currencies
/.International Monetary Fund (facts) - Answer-✅It makes Funds available for Balance-
of-Payment corrections.
It operates as a collaboration of nations
It promotes international monetary cooperation
/.Which worldwide organization has 193 member-nations and is dedicated to the
promotion of peace and global stability - Answer-✅United Nations
/.Formal/Informal institutions use norms, values, customs, and ideologies to mold
behavior. - Answer-✅Informal
/.Began as a military and security agreement in Asia - Answer-✅ASEAN
/.Five basic principles on which the Global Trade System rests (WTO negotiations) -
Answer-✅Trade without discrimination
Encouraging development and economic reform
Predictability, through binding and transparency
Freer trade, gradually, through negotiation
Promoting fair competition
/.Two major global monetary institutions - Answer-✅International Monetary Fund
World Bank
, /.trade-related intellectual property rights (TRIPS) - Answer-✅refers to the WTO
agreement that protects copyrights, trademarks, trade secrets, and other intellectual
property matters
/.Common Market - Answer-✅Created when a customs union lifts restrictions on the
mobility of services, people, and capital among the member-nations.
EX: "Common Economic Space" (Russia, Belarus, Kazakhstan"
/.Council of the European Union - Answer-✅Represents the member states and is the
primary policy-setting institution of the EU.
/.International Finance Corporation - Answer-✅Invests in companies in developing
countries to build domestic capital markets so local entrepreneurs have access to
funding.
/.Multilateral Investment Guarantee Agency - Answer-✅Encourages foreign direct
investment in developing economies and guarantees private sector investment.
/.International Centre for the Settlement of Investment Disputes - Answer-✅Resolves
disagreements between governments and foreign investors.
/.Main Deliberative body of the United Nations in which each nation has one vote
regardless of size wealth, or power - Answer-✅General Assembly
/.Rule-Based, member driven organization with decisions negotiated by all the member
governments and is the only global international organization designed to establish and
help implement rules of trade between nations - Answer-✅World Trade Organization
/.Supports Governements in their efforts to increase economic growth, fight poverty,
maintain financial stability, and help nonmember-nations' economic growth.
Provides information and support on economic and other activities within its member-
nations and serves as a forum for discussion of shared economic and social policy
issues - Answer-✅OECD (Organization for Economic Co-Operation and Development)
/.Cognitive institutions are important to the international manager because - Answer-
✅these institutions help the manager understand the schema operating in their
international environments and are easily missed or misunderstood by the nonnative so
can easily lead to misunderstandings.
/.Cognitive Institutions - Answer-✅Duty
Motherhood
