The Overall U.S.balance of Payments

question 46

Multiple Choice

The overall U.S.balance of payments

• A)shows a deficit
• B)shows a surplus
• C)is the merchandise trade balance
• D)equals exports minus imports
• E)shows how deficits in one account are exactly offset by surpluses in other accounts

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Definitions:

Production Departments

Departments within an organization responsible for manufacturing or producing the products or services the company offers.

Step-Down Method

An accounting technique used to allocate overhead costs to related departments progressively, moving from departments that provide services to other departments first.

Administration Department

A functional area within an organization responsible for overseeing the operations and ensuring the business runs smoothly.

Information Technology

The use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.