Which of the Following Is Correct with Regard to the Balance

question 69

Multiple Choice

Which of the following is correct with regard to the balance of trade and the balance of payments?

• A) If a country has a favourable balance of trade,it will also have a favourable balance of payments.
• B) The balance of payments is computed by dividing the value of a country's currency by the number of currency transactions that took place in the previous year.
• C) A country that imports more than it exports has a favourable balance of trade.
• D) Countries used to strive to have a favourable balance of trade,but governments no longer worry about that issue because of globalization.
• E) Canada has had a favourable balance of trade for most of the last 30 years.

Understand how the business planning process can assist in financial decision-making and forecasting.

Comprehend the impacts of financial planning decisions on a firm’s need for external financing.

Understand and apply the concept of direct and inverse proportionality in real-world scenarios.

Plot data points and interpret graphical representations of directly and inversely proportional relationships.

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Definitions:

High Price Tags

Items or services being sold at a high cost, indicating either premium quality, brand value, or exclusivity.

Manufacturer's Promotional Allowance

A financial incentive provided by manufacturers to retailers or distributors for promotional activities to increase product sales.

Setting Prices

The process of determining the monetary value at which a product or service will be offered to consumers.

Major Steps

outlines the crucial stages or key milestones in a process, plan, or project that need to be accomplished to achieve a particular goal.