Adding Up the _____ and the _____ Will Net Out

question 97

Multiple Choice

Adding up the _____ and the _____ will net out the balance of payments to zero.

• A) trade surplus;capital surplus
• B) trade deficit;capital deficit
• C) trade surplus;trade deficit
• D) trade deficit;capital surplus

Recognize the importance of feedback in communication and how to effectively seek and provide it.

Comprehend the impact of cross-cultural differences on communication and ways to navigate them.

Distinguish between different forms of written communication and their appropriate uses.

Understand the role of nonverbal communication in enhancing or hindering the communication process.

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Definitions:

Specific Legacy

A bequest of a particular piece of property or a specific asset left to a named beneficiary in a will.

Wal-Mart Stores

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Remainderman

The person or entity entitled to receive the remainder of an estate or trust once all prior obligations or life estates are satisfied.

Credit Shelter Trust

A legal arrangement allowing a person to bequeath an amount under the estate tax exemption to beneficiaries other than their spouse, minimizing estate taxes.