The United Nations' Resolution on Permanent Sovereignty Over Natural Resources

question 2

Multiple Choice

The United Nations' Resolution on Permanent Sovereignty over Natural Resources was passed in 1962.This resolution

• A) recognized the right of host countries to exercise full control over foreign firms extracting those resources.
• B) recognized the right of foreign firms to exercise full control over their operations extracting those resources.
• C) recognized the right of foreign firms to determine the appropriate compensation in the event of expropriation.
• D) was formally rejected by capital-exporting governments in 1982.
• E) was successfully re-negotiated in 1992.

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Definitions:

Return on Investment

A financial metric used to evaluate the efficiency of an investment, calculated as the net gain or loss on the investment relative to the cost of the investment.

Investment Center

A division or unit within an organization that is directly responsible for generating its own revenue as well as controlling its costs, and therefore, its profits.

Authority

The ability or entitlement to dictate actions, decide on matters, and demand adherence.

Decision

The act of making a choice or coming to a conclusion.