A Country's Current Account Balance Is Equal To

question 86

Multiple Choice

A country's current account balance is equal to:

• A)current account balance minus the capital account balance.
• B)net exports plus imports.
• C)net exports minus net income paid overseas.
• D)net exports plus government spending.
• E)net exports plus investment.

Recognize the impact of technology, market deregulation, and globalization on global business.

Define intellectual capital and recognize its value in the knowledge-based economy.

Identify the characteristics of a knowledge worker.

Understand the concept of globalization and its effects on business competition and operations.

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Definitions:

Ending Inventory

The total value of a company's merchandise, goods, and products held at the end of an accounting period.

Sales Revenue

The income received by a company from its sales of goods or the provision of services.

Gross Profit

The difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments.

Inventory Costing Method

A method used to assign costs to inventory, affecting how costs are reported in the financial statements.