Which of the Following Refers to the Exporting of Goods

question 96

Multiple Choice

Which of the following refers to the exporting of goods or services to consumers in another country?

• A)Situational commerce
• B)World exchange
• C)International trade
• D)Cross-national barter

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Definitions:

Trading Securities

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.

Consolidated Financial Statements

Financial statements that present the assets and liabilities controlled by the parent company and the total revenues and expenses of the subsidiary companies.

Subsidiary Company

A company that is entirely or majority-owned by another company, referred to as the parent company.