Which of the Following Statements Is True of EMCs

question 22

Multiple Choice

Which of the following statements is true of EMCs?

• A) An EMC is a transportation company that engages in international business.
• B) EMCs are export-import banks that manage foreign exchanges.
• C) EMCs are export specialists that act on behalf of their client firms.
• D) An EMC is an intermediary that facilitates talks between two nations.

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Definitions:

Level Of Activity

A measure of the volume of production or work that a business operates at, which can affect costs and efficiency.

Variable Costs

Expenses that vary directly with the amount of production or the degree of business operations.

Fixed Costs

Expenses that do not change with the level of production or sales over a certain period, such as rent or salaries.

Target Net Income

The income objective set by management.