From a Commercial Profit Perspective, Why Is It Important for Australian

question 28

Multiple Choice

From a commercial profit perspective, why is it important for Australian businesses to be aware of the needs of those in nearby Asian nations?

• A) Because political correctness demands a better understanding by businesses of all the world's cultures
• B) Because more than 80 per cent of Australia's trade and two-thirds of its inbound tourism and immigration come from nearby Asian countries
• C) Because many Asian people work in Australia
• D) To promote peaceful relations in our region
• E) To contribute to cross-country border control cooperation

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Definitions:

Interest

The cost of borrowing money, typically expressed as an annual percentage of the principal amount.

Allowance Method

An accounting technique used to account for accounts receivable that a company does not expect to collect fully, thereby creating an allowance for doubtful accounts.

Perpetual Inventory System

An inventory accounting method that instantly records inventory sales or purchases using computerized point-of-sale systems and enterprise asset management software.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.