Match the Term with Its Definition

question 2

Essay

Match the term with its definition.Some terms may not be used.
a.Bill of lading
b.Born-global firms
c.Counterfeit activity
d.Economic risk
e.Economies of scale
f.Exchange rate
g.Letter of credit
h.Offshoring
i.Political risk
j.Royalties
-The probability that a country's government will mismanage its economy in ways that hinder the performance of firms operating there

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Definitions:

Equipment Account

An account in financial statements that represents the cost of equipment purchased by a business, excluding any accumulated depreciation.

Land Improvements

An asset account that records improvements made to land; such improvements have a limited life and are subject to depreciation (examples are a driveway or fences).

Limited Life

A term often used to describe the finite existence or duration of certain entities or agreements.

Installation Costs

The expenses associated with setting up equipment or machinery for use, which can include labor, materials, and other direct or indirect costs.