Which of the Following Is Required for an Entity to Be

question 19

Multiple Choice

Which of the following is required for an entity to be considered a state?

• A) It must be diplomatically recognized by other states.
• B) It must have a population greater than 1 million people.
• C) It must have a democratic government.
• D) Its people must share a common history.
• E) Its people must be considered a "nation."

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Definitions:

Accounts Payable

Money owed by a business to its suppliers or creditors for goods or services received.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Interest-Bearing Note

A debt instrument that pays interest to the holder until the maturity date, at which point the principal is repaid.