When Is a Balance of Payments Account Out of Balance

question 45

Multiple Choice

When is a balance of payments account out of balance?  

• A) only when exports are greater than imports 
• B) only when imports are greater than exports 
• C) when exports are greater than imports or when exports are less than imports 
• D) never

Understand the concept of flexible budgets and their importance in performance management.

Interpret flexible budget variances, including spending and activity variances.

Calculate cost formula per unit and per activity measure from given data.

Apply the concepts of budgeting and variance analysis to different types of costs (variable, fixed) and activities (jobs, meals, flights, etc.).

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Definitions:

Data Management

The practice of collecting, keeping, and using data securely, efficiently, and cost-effectively.

Talking Title

A headline or title that effectively communicates the main message or subject in a conversational manner.

Descriptive Title

A succinct and informative title that describes the content or main theme of a document, presentation, or work.

Bar Charts

A graphical representation of data using bars of different lengths to compare values across categories.