Most of the Daily International Flow of Money Is Due

question 43

Multiple Choice

Most of the daily international flow of money is due to

• A) trade in goods.
• B) trade in services.
• C) the buying and selling of bonds, securities, currencies, and other financial instruments.
• D) tourism.
• E) entertainment.

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Definitions:

Activity

An event that causes the consumption of overhead resources in an organization.

Cost Driver

A factor that causes a change in the cost of an activity, such as machine-hours or labor hours, used in determining pricing and profitability.

Flexible Budgets

Budgets that adjust or flex with changes in the volume or level of activity.

Measure of Activity

An identifier used to gauge the level or intensity of activity within a certain process or system.