What Is a Basic Requisite for the Development of a Supranational

question 107

Multiple Choice

What is a basic requisite for the development of a supranational market arrangement?

• A) political amenability among countries
• B) business strategy sharing
• C) adoption of common cultural practices
• D) protection of the market by exercising tariffs and boycotts
• E) a desire to maintain state sovereignty

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Definitions:

Partnership

An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders; it has its own rights, privileges, and liabilities independent of its shareholders.

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education inside the United States.

Accounting Records

Documents and books that keep track of all financial transactions of an entity.