Total loss refers to the loss of the entire value of the subject matter to the insured, normally involving the maximum amount for which a policy is liable.
【单选题】Which one describes the arm's length standard?
A.
It means that intra-firm trade of multinationals should not be priced as if they took place between unrelated parties acting at arm's length in competitive markets
B.
The arm’s length standard is as the same as the transfer price
C.
The arm's length standard states that intra-firm trade of multinationals should be priced as if they took place between unrelated parties acting at arm's length in competitive markets
D.
All MNC intra-firm activities should be priced as if they took place between unrelated parties acting at arm's length in competitive markets