A Foreign Alliance Talk

question 95

Multiple Choice

A Foreign Alliance Talk
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on 'foreign trade'.You are requested to include the EU, ASEAN because many members believe that the extreme right of politics is correct when it asserts that Australia must protect Australian business and jobs.As you work through your notes, you are trying to decide on the best information you can present in the allotted half-hour.
-Refer to A Foreign Alliance Talk (Scenario) .You will close by giving a likely view of the future of the Australian and New Zealand Closer Economic Relations Agreement (CER) which suggests that ________.

• A)it will likely disband by the year 2012
• B)it is expected to merge with NAFTA by 2020
• C)it increases the size of two relatively small domestic markets
• D)it is likely to become a sub-set of ASEAN
• E)it is of particular benefit to Australia's agricultural producers

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Definitions:

Primarily Liable

The direct obligation of an entity or individual to pay a debt or fulfill a contractual commitment without depending on another's performance of duty.

Secondarily Liable

A condition wherein an individual or entity is obligated to fulfill a duty or payment if the primarily liable party fails to do so.

Primary Liability

The main or first layer of responsibility for fulfilling a financial or legal obligation.

Secondary Liability

Legal responsibility that arises from aiding, facilitating, or contributing to a wrongful act committed by another party.