All of the Following Are Included in the Balance of Payments

question 76

Multiple Choice

All of the following are included in the balance of payments except

• A) money paid for imports.
• B) money paid by domestic corporations for taxes.
• C) money spent by tourists.
• D) money spent on foreign aid.
• E) money paid for exports.

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Definitions:

Relevant Activity Base

A factor that causes changes in the behavior of costs, used to allocate fixed costs to cost objects effectively.

Decision-Making Needs

Requirements or information essential for making informed choices or judgments in various situations.

Management

The coordination and administration of tasks to achieve a company's objectives, involving planning, organizing, leading, and controlling resources.

Fixed Cost Per Unit

The cost that does not change with the level of production or sales, divided by the number of units produced, to determine the fixed cost allocated to each unit.