When a Country's Imports Exceed Its Exports Creating a Negative

question 245

Multiple Choice

When a country's imports exceed its exports creating a negative balance of trade it is a(n)

• A)shortage.
• B)surplus.
• C)imbalance.
• D)deficit.
• E)shortfall.

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Definitions:

Loss

A financial situation where expenses exceed revenues.

Pension Expense

The total cost recognized by an employer for an accounting period regarding the company’s pension plan, comprising service costs, interest costs, plan amendments, and other factors.

Operating Segments

Components of an enterprise that engage in business activities earning revenues and incurring expenses, whose operational results are regularly reviewed by the entity's chief operating decision maker.

External Customers

Individuals or entities that purchase goods or services from a business but are not part of the organization itself.