Which of the Following Describes One of the Reasons for the Establishment

question 74

Multiple Choice

Which of the following describes one of the reasons for the establishment of the European Union?

• A)Eliminate trade barriers between member countries
• B)Decrease tariffs on products from nonmember countries
• C)Enhance movement of capital and labor between nonmember nations
• D)Increase the usage of member labor pools by nonmembers
• E)Gradually eliminate imports from nonmember nations

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Definitions:

Socially Responsible

Socially responsible describes entities that act in ways that benefit society at large, including ethical behavior, environmental sustainability, and community support.

Government Mandated

Requirements or regulations imposed by a governmental authority that businesses or individuals must comply with.

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with their stakeholders.

Scope of Management

The range of activities, responsibilities, and functions that managers are required to perform in guiding an organization towards its objectives.