What Is the Meaning of Following Term

question 62

Multiple Choice

What is the meaning of following term:
-Peace of Westphalia

• A) Decisions influenced by a combination of factors.
• B) A combination of military power, diplomacy, and economic might.
• C) A political and economic coalition formed by developing countries.
• D) Ended the Thirty Years' War in 1648.
• E) The name given to the large oil companies that controlled most of the world's oil until the mid-1950s.
• F) Founded in 1967 to promote the economic and cultural cooperation in Southeast Asia.
• G) Policy of NOT being formally allied with the United States or the Soviet Union during the Cold War.
• H) Founded in 1963 to promote African solidarity and independence.
• I) Common values, family ties, and historical experiences that shape foreign policy.
• J) Created in 1948 and composed of Latin American and Caribbean countries, the United States, and Canada.
• K) A set of goals that is essential to a country's survival, status, and economic prosperity.
• L) Formed in 1960 to counteract the power of the oil companies.
• M) Institutions that are modeled after the World Bank.
• N) When a country's currency loses monetary value and its people have to spend more money to purchase the same amounts of products.
• O) A country's control over its internal affairs and external relations.

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Definitions:

Resource Advantage

A competitive strategy theory focusing on how organizations can achieve higher performance by acquiring and efficiently using resources to provide greater value than competitors.

Corporate Culture

Corporate culture encompasses the beliefs, behaviors, values, and symbols that the members of an organization accept and share, significantly influencing its identity and actions.

Organizational Hierarchy

The arrangement of an organization's roles and responsibilities in a graded structure of authority and leadership.

Transactions

The act of conducting business, which could involve buying, selling, or exchanging goods and services.