Which of the Following Components of the U

question 96

Multiple Choice

Which of the following components of the U.S.balance of payments includes direct investment by Americans in foreign securities?

• A)U.S.official reserve assets
• B)the capital account
• C)the current account
• D)U.S.government assets abroad
• E)merchandise trade balance

Comprehend the effects of counter-offers on the original offer.

Recognize the role of the postbox rule in contract formation.

Discern the implications of electronic communications on contract law.

Identify and understand the legal requirements for a binding contract.

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Definitions:

Machine-hour

A measure of the amount of time a machine is run, often used as a basis for allocating manufacturing overhead to products.

High-low Method

A technique used in cost accounting to estimate fixed and variable costs associated with production by using the highest and lowest levels of activity.

Office Expense

Refers to the costs associated with running an office, including rent, supplies, and utilities.

Escrow Completed

The point at which all conditions of a real estate transaction are met and the title of the property is transferred from the seller to the buyer.