The Growth of Export Industries _____ the Exporting Country

question 140

Multiple Choice

The growth of export industries _____ the exporting country.

• A) reduces imports in
• B) provides low-cost labor in
• C) creates local jobs in
• D) increases financial resources for
• E) leads to an excess supply of products in

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Definitions:

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders, but retained by the company for reinvestment.

Notes Payable

Short-term or long-term liabilities representing amounts the company owes because it has issued promissory notes.

Accounts Receivable

Receivables by a corporation from its clients for goods or services that have been extended or utilized, yet the corresponding payments are awaited.

Common-base Year Statement

Financial statements that are adjusted to a single point in time or base year, facilitating comparison across different time periods.