According to the Principle of "National Treatment" in the North

question 9

Multiple Choice

According to the principle of "national treatment" in the North American Free Trade Agreement (NAFTA) ,member countries

• A)have complete autonomy over their own laws and the way in which they are applied to any firm,domestic or foreign,operating on their soil.
• B)can establish new laws as they wish,as long as these laws apply equally to domestic and foreign-owned firms.
• C)must submit any new laws being considered to a cross-border judicial panel before the laws are enacted.
• D)cannot establish new laws which harm the domestic environment.
• E)can establish specific subsidies to favour their own national firms over international firms,as long as it applies only to domestic operations.

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Definitions:

Accounts Receivable Turnover

Accounts receivable turnover is a financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating the efficiency of credit and collection activities.