Some Critics Argue That There Can Be No Universal Standards

question 41

Multiple Choice

Some critics argue that there can be no universal standards considering differences between nations based on __________.

• A) business practice
• B) economic development
• C) culture
• D) All of the options listed
• E) None of the options listed

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Definitions:

Implied Condition

A condition in a contract that is not explicitly stated but is necessary for the performance of the contract.

Written Contract

A legally binding agreement between two or more parties that is put in writing and signed by the parties involved.

Installments

Regular partial payments made over a period of time to settle a debt or purchase price, rather than paying the total amount at once.

Proceeds

The total amount of money or assets derived from a transaction or event, often used in the context of sales and financings.