If the Capital Account Is in Surplus and the Current

question 112

Multiple Choice

If the capital account is in surplus and the current account is zero, then the:

• A)financial account must be in deficit.
• B)balance of trade must be in deficit.
• C)balance of payments must be in surplus.
• D)balance of services must be in deficit.

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Definitions:

Internal Users

These are individuals or groups within an organization who use financial and other data in directing and controlling its operations; they include management, employees, and internal auditors.

Cost of Goods Sold

The costs directly related to the manufacturing of products sold by a business, which encompass both materials and labor expenses.

Cost of Goods Manufactured

The total cost of producing goods during a specific period, including labor, material, and overhead expenses.

Managerial Functions

Essential roles and activities performed by managers to ensure the effective and efficient operation of an organization, such as planning, organizing, leading, and controlling.