_____ Budget Is Commonly Expressed in Physical Units,and It Can

question 124

Multiple Choice

_____ budget is commonly expressed in physical units,and it can be prepared with information including types and capacities of machines,economic quantity,and availability of materials.

• A) Master
• B) Cash
• C) Capital
• D) Production
• E) Sales

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Definitions:

Trade Deficit

A situation in which a country's imports exceed its exports, leading to more money flowing out of the country than coming in.

Net Exports

The difference between what a country sells to others and what it buys, represented by exports minus imports.

Goods And Services

The products (goods) and activities (services) that are produced and provided to satisfy consumers' wants and needs.

Trade Balance

The difference between the monetary value of a nation's exports and imports over a certain period, indicating a surplus if exports exceed imports or a deficit otherwise.