Which of the Following Is a Feature of a Common

question 43

Multiple Choice

Which of the following is a feature of a common market?

• A)Absence of a common external trade policy with regard to nonmembers
• B)Free movement of factors of production between member nations
• C)Establishment of barriers to the free flow of goods between member nations
• D)Lack of administrative machinery to oversee trade relations with nonmembers
• E)Mandatory use of a common currency among member nations

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Definitions:

Internal Control

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Debt Investments

Investments made in securities that require the issuer to repay the principal along with interest.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and close to their maturity.

Internal Audits

Evaluations conducted internally to assess the effectiveness of a company's operations, controls, and compliance with regulations and policies.