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- Related business activities conducted in various states typically constitute a unitary business. For example, states may deem a unitary business exists when a company manufactures a product in one state and sells it in another.
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For example, states may deem a unitary business exists when a company manufactures a product in one state and sells it in another. The transportation of the product from the manufacturing plant to the sales outlet and storage facilities during this process are typically parts of a unitary business.
Unitary state, a system of political organization in which most or all of the governing power resides in a centralized government. In a unitary state, the central government commonly delegates authority to subnational units and channels policy decisions down to them for implementation.
- The Editors of Encyclopaedia Britannica
- Examples of Unitary States
- Unitary States vs. Federations
- Unitary States vs. Authoritarian States
- Pros and Cons
Of the 193 member countries of the United Nations, 165 are unitary states. The United Kingdom and France are two well-recognized examples.
The opposite of a unitary state is a federation. A federation is a constitutionally organized union or alliance of partially self-governing states or other regions under a central federal government. Unlike the largely powerless local governments in a unitary state, the states of a federation enjoy some degree of independence in their internal affa...
Unitary states should not be confused with authoritarian states. In an authoritarian state, all governing and political power is vested in a single individual leader or small, elite group of individuals. The leader or leaders of an authoritarian state are not chosen by the people, nor are they constitutionally responsible to the people. Authoritari...
The unitary state is the most common form of government in the world. This system of government has its benefits, but as with all schemes of dividing power between government and the people, it also has drawbacks.
Some states respect the legal distinction betweenseparately incor-porated firms, no matter how closely the various members ofgroups of firms may be affiliated. These states employ separate accounting for each firm and, at most, ask whether a given firm is engaged in more thanone unitary business.
- Charles E McLure, Charles E McLure
- 1983
An example of a unitary system is France. The framers of the U.S. Constitution sought to create a federal system that promotes strong national power in certain spheres, yet recognizes that the states are sovereign in other spheres.
Accounting Theory and Policy Making. The relationship between accounting theory and the standard-setting pro-cess must be understood within its wider context, as shown in Exhibit 1.1. We caution that Exhibit 1.1 is extremely simplistic. Economic conditions have an impact on both political factors and accounting theory. Political fac-
Division of power can also occur via a unitary structure or confederation . In contrast to federalism, a unitary system makes subnational governments dependent on the national government, where significant authority is concentrated. Before the late 1990s, the United Kingdom’s unitary system was centralized to the extent that the national ...
