The form of economic cooperation that calls for (1 ) eliminating internal barriers to trade and (2 ) establishing common external barriers is known as a(n):

A) European Union.
B) Economic union.
C) Customs union.
D) Free trade area.
E) Common market.


C

Business

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In traditional product-costing systems, the measure of productive activity is usually some volume-based cost driver, like direct-labor hours.

Answer the following statement true (T) or false (F)

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Successful business strategies are grounded in creating and maintaining a competitive advantage that is

A. inflexible. B. sustainable. C. volatile. D. intangible. E. All of these are correct.

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In dealing with the French, a lot of what gets done is a result of going through administrative channels, which involves a lot of red tape, and efforts to sidestep this can be regarded as disrespect for legal and governmental institutions.

Answer the following statement true (T) or false (F)

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Which of the following statements is true of a supermarket?

A. It offers a small range of everyday and impulse products at easy-to-access locations. B. It offers a wide range of food products, plus limited nonfood items. C. It sells a wide selection of merchandise within a narrow category. D. It sells discounted food and general merchandise to club members in a large warehouse format.

Business