The Net Value of Flows of Goods,services,investment Income,and Unilateral Transfers

question 20

Multiple Choice

The net value of flows of goods,services,investment income,and unilateral transfers is called the:

• A) Capital account balance
• B) Current account balance
• C) Merchandise account balance.
• D) Official settlements balance.

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Definitions:

Product Layout

An arrangement where workstations or machinery are sequenced according to the steps in which a product is made, facilitating a continuous flow of production.

Supply Sources

Supply sources are origins or places from which goods, materials, or resources are obtained to fulfill the needs of production or consumption.

MRP

Material Requirements Planning, a system for managing manufacturing processes by ensuring that materials and products are available for production and delivery at the right time.

Computer-based Production Planning

The use of computer systems and software to plan, coordinate, and optimize the production process in manufacturing.