Which of the Following Statements About Conventions Is True

question 52

Multiple Choice

Which of the following statements about conventions is true?

• A) They rarely ever change once adopted.
• B) They are widely accepted practices.
• C) They apply universally to all audiences.
• D) They are rarely encountered in a business setting.
• E) They can be best learned by reading reports.

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Definitions:

Balance Of Trade

The difference between a country's exports and imports over a certain period, indicating whether a country has a surplus or deficit in trade.

Part

A component or piece that combines with other pieces to form a whole machine, system, or object.

Foreign Demand

The desire and willingness of buyers from other countries to purchase goods and services.

Dollar Depreciates

A decrease in the value of the U.S. dollar relative to other currencies in the foreign exchange market, making foreign goods more expensive and U.S. exports cheaper.