Which of the Following Statements About the Dynamics of World

question 44

Multiple Choice

Which of the following statements about the dynamics of world trade is most accurate?

• A) As the largest international importer and exporter, the U.S. accounts for 65 percent of world trade.
• B) World trade is calculated to include only the exchange of money for products or services.
• C) An estimated 35 percent of world trade involves countertrade.
• D) China, the United States, and Germany far outpace other countries in terms of imports and exports.
• E) Because of the European Union, European intratrade no longer counted in calculations of world trade.

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Definitions:

Accounts Receivable

Unpaid customer accounts for delivered goods or services to a company.

Operating Activities

Activities related to the daily operations of a business, such as selling products, managing costs, and paying employees, as reflected in the company’s cash flow.

Source Of Cash

Any activity or operation that brings money into the organization, increasing its cash availability.

Current Assets

Resources intended to be turned into cash, sold, or used up either within one year or over the course of the business's operating cycle, depending on which period is greater.