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

Which of the following classes does 'Panamanian entity' belong to as one valid explicit type? Context: sovereign state and polity that is a transcontinental country in Central America and South America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south

A. government department
B. sovereign state
C. municipal entity
D. association

Answer: sovereign state