Which of the Following Statements Is True of the International

question 14

Multiple Choice

Which of the following statements is true of the International Court of Justice?

• A) It is the executive branch of the United Nations (UN) that helps interpret international law.
• B) It only hears cases of nations, and not of individuals and businesses.
• C) It does not have the authority to hear cases involving treaties and the UN Charter.
• D) It is headed by the secretary-general of the United Nations.

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Definitions:

Due Diligence

A required standard of care that certain professionals, such as accountants, must meet to avoid liability for securities violations.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; commonly abbreviated as GAAP.

Good Faith

A sincere intention to be fair, open, and honest, regardless of the outcome of the interaction.