Central and Eastern European Countries Most Likely Offer All of the Following

question 87

Multiple Choice

Central and Eastern European countries most likely offer all of the following benefits to SMEs that want to gain access to the EU market EXCEPT ________.

• A) low wages
• B) low corporate taxes
• C) highly educated workers
• D) advanced technology systems

---

Definitions:

Outstanding Check

A check that has been written and recorded in the issuer's accounting records but has not yet been cashed or cleared by the bank.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing the account records held by a company with the bank statements to ensure accuracy and consistency in financial records.

Petty Cash Fund

A small amount of cash kept on hand in a business for minor expenses.

Delivery Expenses

Costs incurred by a company in distributing its products to customers, including shipping fees and handling charges.