The ________ Account Records Transactions Involving the Import and Export

question 91

Multiple Choice

The ________ account records transactions involving the import and export of goods and services, income receipts on assets abroad, and income payments on foreign assets inside the country.

• A) income receipts account
• B) capital account
• C) income payments account
• D) current account

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Definitions:

Steps

The individual phases or actions taken in a process or procedure to achieve a particular end result.

Methodology

A system of methods used in a particular area of study or activity, often implying a structured or systematic approach.

Flexible Global Supply Chain

A supply chain designed to swiftly adjust to changes in demand, supply, and market conditions worldwide.

Demand Uncertainty

The unpredictability of consumer demand for a product or service, making planning and forecasting challenging.