The Table Given Below Reports the Value of Various International

question 13

Multiple Choice

The table given below reports the value of various international transactions in Germany for the year 2011. The negative sign denotes the outflow of euros from Germany.
Table 6.1
$\begin{array}{|l|c|}\hline \text { German 2010 Transactions } & \text { Millions of Euros } \\\hline \text { Capital Inflows } & € 1,420 \\\hline \text { Exports of Goods } & € 750 \\\hline \text { Imports of Services } & -€ 430 \\\hline \text { Investment Income Receipts } & € 400 \\\hline \text { Investment Income Payments } & € 670 \\\hline \text { Unilateral Transfers } & -€ 470 \\\hline \text { Exports of Services } & € 340 \\\hline \text { Imports of Goods } & -€ 790 \\\hline \text { Capital Outflows } & -€ 920 \\\hline\end{array}$
-Refer to Table 6.1. Compute the capital account balance for Germany.

• A) -€430
• B) -€800
• C) €180
• D) €500
• E) -€550

Recognize characteristics of a well-defined report problem.

Determine the types of reports based on their purpose and content.

Evaluate the reliability of different question types for gathering information.

Understand formal and informal reporting formats and their appropriate contexts.

---

Definitions:

Expenses

Outflows or other uses of assets or incurring of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Earning Revenue

The process of generating income from business activities over a period, typically from the sale of goods and services.

Net Income

The profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.