The Monetary Approach to the Balance of Payments

question 9

Multiple Choice

The monetary approach to the balance of payments:

• A)views the balance of payments as an essentially monetary phenomenon
• B)rests on the purchasing power-parity theory
• C)postulates that money plays the crucial role in the long run both as a disturbance and adjustment in the nation's balance of payments
• D)all of the above

Identify strategies for effectively delivering bad news in business communication.

Recognize the appropriate use of apologies in negative-news messages.

Distinguish between direct and indirect strategies for refusing requests or claims.

Understand how to maintain future relations or business after delivering bad news.

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Definitions:

Voluntary Health And Welfare Entities

Organizations that operate for the purpose of promoting health and welfare, primarily relying on voluntary contributions from the public.

Classifications

The systematic arrangement of business transactions or elements in categories according to established criteria.

Expenses

Costs incurred by a business in the process of earning revenues.

Not-for-Profit Entity

An organization that operates for purposes other than making a profit, often focusing on a social, educational, or charitable mission.