Of the Following,which Is NOT True About the Export-Import Business

question 38

Multiple Choice

Of the following,which is NOT true about the export-import business?

• A) Many employees,often 100+,are required for an export-import business to operate.
• B) The export-import business is a relatively low-risk operation.
• C) The export-import business involves penetrating foreign markets or importing merchandise at competitive prices for domestic consumption.
• D) The opportunity to participate in export-import business is significant.
• E) Government agencies offer specialized seminars and programs on how to identify markets overseas and sell merchandise there.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on the accounting equation; assets and expenses normally have a debit balance, while liabilities, equity, and revenue normally have a credit balance.

Withdrawals

Money taken out from a bank account, or the act of taking out funds or assets from a business by the owner for personal use.

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.