Which of the Following Statements About Russia's Role in the Global

question 2

Multiple Choice

Which of the following statements about Russia's role in the global economy is NOT true?

• A) Germany is the largest source of Russian imports.
• B) Russia belongs to the World Trade Organization.
• C) About three-fourths of Russian exports to Europe are mineral resources, including energy resources.
• D) Russia overall relies heavily upon energy resources for export.
• E) The level of foreign investment in Russia is lower than other East European countries.

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Definitions:

Consigned Goods

Items that are given to a third party to sell but remain the property of the seller until sold.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from its total revenues, indicating its profitability.

Purchase Returns

Goods returned by the purchaser to the supplier due to defects, excess supply, or other reasons, often resulting in a refund or credit.

Cost of Goods Sold

The direct financial costs required for the manufacture of a company’s products, involving materials and labor expenses.