IB Practice
True
International institutions provide nations the opportunity to build multilateral solutions through collaborative communication. ⊚ true ⊚ false
True
One of the significant differences between formal and informal institutions is how they gain compliance. ⊚ true ⊚ false
False
Permanent members of the UN Security Council vote on Security Council measures and only the Secretary-General of the UN has veto power. ⊚ true ⊚ false
provide ways to avoid or settle conflicts.
Strong institutions are vitally important to international business decision makers because they A) provide ways to avoid or settle conflicts. B) provide methods for moving trade forward. C) are the foundation for our interactions. D) hold power of trade processes.
True
The United Nations operates with voluntary agreements, so it is essentially an informal institution. ⊚ true ⊚ false
formal
Which type of institution operates through laws and regulations, with coercion as the regulative mechanism? A) formal B) iInformal C) normative D) cognitive