The EU's impact on international business is
A. substantial, because the EU is a major exporter into developing nations.
B. negligible, given that the EU members tend to trade with each other.
C. substantial, since EU standards, especially in the areas of ecology and sustainability, impact any firm that wants to do business in the EU.
D. not significant, because the EU members need to trade with other developed economies.
Answer: C
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Julie Webb, CPA takes out an automobile loan with First national Bank of Wellville (FNBW) while attending the University of Wellville. Julie graduates one year later and is hired as an auditor by Best and Driftwood, LLP. Her first assigned audit engagement is with First national Bank of Wellville, a client of Best and Driftwood. As a new audit assistant, Julie continues to pay her automobile loan
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What will be an ideal response?