If a Country's Merchandise Exports Exceed Its Merchandise Imports It

question 99

Multiple Choice

If a country's merchandise exports exceed its merchandise imports it has a

• A)trade surplus.
• B)trade deficit.
• C)current account surplus.
• D)current account deficit.

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Definitions:

Top-Management Commitment

The extent to which an organization's highest-level leaders are dedicated to and actively support the implementation of policies, practices, and goals.

Productivity Improvement

The process of increasing the efficiency and effectiveness of operations, resulting in higher output with the same or fewer resources.

Flow Charts

Diagrams that depict the steps of a process or system, showing how each element connects.

Management By Objectives (MBO)

A management strategy that involves setting specific, measurable goals with each employee and then periodically reviewing the progress made.