The Largest Portion of Any Nation's Balance of Payments Current

question 1

Multiple Choice

The largest portion of any nation's balance of payments current account is the

• A) importing and exporting of merchandise goods.
• B) importing and exporting of services.
• C) importing and exporting of gold.
• D) importing and exporting of capital goods.

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Definitions:

Flat Hierarchy

An organizational structure with few or no levels of middle management between staff and executives, which can encourage more open communication and quicker decision-making.

Formalization

The process of establishing official procedures, rules, and documentation within an organization.

Work Processes

The established methods and procedures used to effectively complete tasks and achieve organizational goals.

Functional Structure

An organizational design that groups employees by their similar specialties, roles, or tasks.