Which Theory Holds That There Is a Custom of Openness

question 17

Multiple Choice

Which theory holds that there is a custom of openness and participation in global governance, and that any IGO that wishes to be seen as modern will open up to at least some NGO input?

• A) legitimacy
• B) norms
• C) functionalism
• D) globalism

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Definitions:

Strengthening Currency

A currency that is increasing in value compared to another currency, often due to improved economic indicators or increased demand.

Exchange Gain

A financial gain resulting from a favorable change in exchange rates affecting the value of foreign-currency-denominated assets or liabilities.

Current-Rate Method

A method used in translating the financial statements of foreign subsidiaries, where all assets and liabilities are translated at the current exchange rate.

Retained Earnings

The portion of a company's profit that is held or retained and not paid out as dividends to shareholders, often used for investment in the business, debt reduction, or to shore up the balance sheet.