What is the World Bank? What is its role in the world economy?
What will be an ideal response?
The World Bank is an international institution created in 1944, as the International Bank for Reconstruction and Development (IBRD) to facilitate postwar reconstruction and development. Over time, the IBRD's focus shifted toward poverty reduction, and in 1960, the International Development Association (IDA) was established as an integral part of the World Bank. Whereas the IBRD focuses on middle-income countries, the IDA focuses on the poorest countries in the world. Together they provide low-interest loans, interest-free credits, and grants to developing countries for investments in education, health, infrastructure, communications, and other activities. The World Bank also provides advisory services to developing countries and is actively involved with efforts to reduce and cancel the international debt of the poorest countries.
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A restaurant that features a serve-yourself buffet, which eliminates the need for a full wait staff, is using disintermediation
Indicate whether the statement is true or false
Discuss similarities and differences of entrepreneurs and small business owners.
What will be an ideal response?
Which of the following statements about gross domestic product (GDP) and gross national income (GNI) is true?
A. Both GDP and GNI are widely used measures of national income. B. GDP includes foreign income earned in a country, but GNI does not. C. GDP income measures can give the impression that people in less-developed nations have more income than they really do. D. GDP and GNI are highest in the more developed industrial nations. E. All these answers are correct.
The formula flexible budget is more general than the columnar flexible budget, because the formula allows managers to compute budgeted overhead costs at any activity level.
Answer the following statement true (T) or false (F)