The Items in the Asset Section of the Balance Are

question 12

True/False

The items in the asset section of the balance are its capital components.

Recognize the relevance of supply-chain management in service firms and the implications for outsourcing and offshoring.

Appreciate the ethical considerations and challenges in supply-chain management, particularly in a global context.

Determine how technology and innovation influence supply-chain efficiency and competitive advantage.

Understand the role of logistics and transportation choices in the effectiveness of supply-chain management.

---

Definitions:

Financial Account

Refers to a component of a country's balance of payments that records investments and financial transactions, including investments in foreign securities and direct investments.

Capital Account

The capital account records the exchanges of financial assets and liabilities between a country and the rest of the world, including direct investment and loans.

Current Account

A component of a country's balance of payments that includes transactions in goods, services, primary income, and secondary income flows between domestic and foreign entities.

Demand

The quantity of a good or service that consumers are willing and able to purchase at different prices.