Which of the Following Is NOT a Correct Statement

question 121

Multiple Choice

Which of the following is NOT a correct statement?

• A)The country has 12 Federal Reserve districts.
• B)The Federal Open Market Committee carries out open market operations.
• C)A majority of private banks are not part of the Federal Reserve System.
• D)The Fed chairman is appointed by the president for 14 years.
• E)The Senate ratifies the president's appointment of the chairman of the board of governors of the Fed.

Understand the importance of international organizations and legal frameworks in facilitating and regulating international business.

Recognize the impact of political policies and economic factors on international business strategies.

Understand the concepts of global sourcing and its relevance in international business expansion.

Understand the concept of cultural dimensions according to Hofstede and Trompenaars.

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Definitions:

Bankruptcy

A judicial procedure where individuals or businesses that cannot fulfill their financial commitments have the opportunity to obtain exemption from part or all of their debts.

User Charge

A fee paid for the use of a public service or facility, typically aimed at recovering the cost of providing the service.

Persons Pay

The concept that individuals bear the financial cost of accessing a service or securing a good.

Benefit Received

The advantage or gain obtained by an individual or entity from a service, good, or action.