______________ Refers to a Range of Barter-Like Agreements by Which

question 47

Multiple Choice

______________ refers to a range of barter-like agreements by which goods and services can be traded for other goods and services.

• A) Separate trade
• B) Reciprocal trade
• C) Countertrade
• D) Alternative trade
• E) Cashless trade

---

Definitions:

Effective Tax Rate

The percentage of their income that individuals or corporations pay in taxes, taking into account all deductions and credits.

Unrealized Pre-Tax Profits

Profits that have been recorded in financial statements but have not yet been subjected to taxation due to non-realization through sales.

Intercompany Sale

A transaction of goods or services that occurs between two entities within the same parent company.

Mark-Up

The amount added to the cost price of goods to cover overhead and profit; a percentage over cost.