Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'supranational entity'?

A. legal entity that represents fundamental unit of sovereign tribal (indigenous) government
B. legal person that corresponds to an administrative division, administrative unit, administrative entity or country subdivision (or, sometimes, geopolitical division or subnational entity), that has the capacity to incur debt, issue contracts, and enter into relations with other similar entities
C. non-physical juridical entity that is represented by one centralized government that has sovereignty over a geographic area
D. governmental or non-governmental entity that is established by international law or treaty or incorporated at an international level

Answer: governmental or non-governmental entity that is established by international law or treaty or incorporated at an international level