Which of the Following Is a Canadian Service Export

question 88

Multiple Choice

Which of the following is a Canadian service export?

• A)a Canadian buys dinner while travelling in Switzerland
• B)a Swiss buys dinner while travelling in Canada
• C)a Canadian buys a clock made in Switzerland
• D)a Swiss buys a computer made in Canada
• E)a Canadian buys a Canadian computer in Switzerland

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Definitions:

Work in Process Inventory

Work in process inventory consists of products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.

Raw Materials Inventory

The total cost or value of all the basic materials and components that are to be used in the manufacture of a product.

Accounts Payable

Liabilities owed to suppliers or creditors for goods and services received but not yet paid for.

Purchase

The act of buying goods or services, which can include raw materials, equipment, or any item required for business operations.