Organizing a Business Begins with

question 313

Multiple Choice

Organizing a business begins with

• A) acquiring the necessary resources.
• B) choosing the best qualified employees.
• C) developing an efficient plan of action.
• D) determining the work to be done.

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Definitions:

Free Trade

The policy of allowing goods and services to be traded across borders with no or minimal restrictions and tariffs.

Economists Support

The backing or endorsement by economists for certain policies, theories, or models based on empirical evidence and economic reasoning.

Merchandise Trade Balance

The difference between the value of merchandise exports and the value of merchandise imports.

Services Trade Balance

The difference in value between a country's exported and imported services, indicating whether a country is a net exporter or importer of services.