Midterm Examination: (3,4,5) The Contemporary World

A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.

• Retailer

• Online Seller

• Dealer

• Distributor

It is a self-regulatory pattern that is also brought to (public and especially private) global corporations to give accountability and responsibility in each economic process.

• Ethics

• Normative

• Responsibility

• CSR

How many active organs does the United Nations have?

• 5

• 6

• 7

• 8

Periphery countries typically experience which of the following in the global economy?

• High levels of foreign direct investment in research and development.

• Exporting primarily manufactured goods with high added value

• Dependence on the export of raw materials and agricultural products

• Strong domestic demand for high-technology products

This UN Nation’s organ is considered its judicial system.

• Security Council

• Trusteeship Council

• General Assembly

• International Court of Justice

Which of the following best defines communism as a socio-economic system?

• An economic system characterized by private ownership of the means of production and free markets.

• A political ideology advocating for a stateless, classless society with ownership of resources.

• A system where the government heavily regulates private industries to ensure social welfare.

• An economic model based on traditional customs and bartering rather than monetary exchange.

This corporation also contributes to the wealth of a country because it can reach people living in provinces.

• Multinational

• Transnational

• State-owned

• Global Company

In a typical supply chain, who is primarily responsible for transforming raw materials into finished goods?

• Manufacturer

• Distributor

• Dealer

• Retailer

What is being celebrated every 21st of August in the Philippines?

• Bulacan Day

• Ninoy Aquino Day

• EDSA People Power

• Mental Health Day

Which of the following is not a role of nation-state?

• Prosecute any crimes against humanity, such as genocide.

• Resolving political issues

• Securing peace and order outside its jurisdiction.

• Tasks of multinational corporations