Discuss the relationship between society and the nation-state.

What will be an ideal response?

Ans: Society is defined as a group of people who share common values and norms, while on the other a nation-state is a political creation. Nation-states are studied for their national identity, national character, and competitive advantage of nations. Therefore, there is no strict one on one correspondence between a society and a nation-state because countries can contain a single culture or several subcultures; a single culture can also embrace serval nations. This makes it very difficult to define a clear relationship between the society and the nation-state.

Business

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Stock investors view equity as a claim against the company that must be satisfied before they get a return on their money

a. True b. False Indicate whether the statement is true or false

Business

Freight-In is an adjunct-purchases account:

a. added to purchases on the income statement. b. credited to record transportation. c. deducted from purchases on the income statement. d. not appearing on any financial statement.

Business