The Union Created When Member Countries of an Economic and Monetary

question 25

Multiple Choice

The union created when member countries of an economic and monetary union work closely with one another to arrive at common defense and foreign policies and behave as a single country is known as a(n) _____.

• A) customs union
• B) economic union
• C) free trade area
• D) common market
• E) political union

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Product Line Groupings

The organization of related products into categories or series, typically based on their function, target market, or other characteristics, enabling easier management and marketing.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.