Which of the Following Statements Is True of Export Management

question 40

Multiple Choice

Which of the following statements is true of export management companies (EMCs) ?

• A) An EMC is a transportation company that engages in international business.
• B) EMCs are export-import banks that manage foreign exchanges.
• C) EMCs are export specialists that act on behalf of their client firms.
• D) An EMC is an intermediary that facilitates talks between two nations.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs.

Variable Costs

Variable costs are expenses that change in proportion to the activity or production level of a business.

Fixed Costs

Expenses that do not fluctuate with the level of goods or services produced by the business.