Bill,a USCitizen,pays a Spanish Architect to Design a Metal Casting Factory

question 199

Multiple Choice

Bill,a U.S.citizen,pays a Spanish architect to design a metal casting factory.Which country's exports increase?

• A)Spain's
• B)the U.S.'s
• C)Spain's and the U.S.'s
• D)neither Spain's nor the U.S.'s

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Definitions:

Voucher

A document that serves as evidence for a transaction and authorizes a payment.

Purchase Requisition

An internal document used by an organization to request permission for a purchase before initiating the actual procurement process.

Purchase Order

A formal document sent from a buyer to a seller, requesting the purchase of goods or services, outlining quantities and prices.

Voucher Register

A record keeping system that tracks the issuance, payment, and cancellation of vouchers, detailing financial transactions such as payments made or received.