Which of the Following Statements Is TRUE About the Role

question 72

Multiple Choice

Which of the following statements is TRUE about the role that service exports and imports have in the balance of payments?

• A) Service exports and imports are not included in the balance of payments because it is impossible to transport a service to another country.
• B) Service exports and imports are included in the balance of payments in the labor account.
• C) Service exports and imports are included in the balance of payments in the official reserve transactions account.
• D) Service exports and imports are included in the balance of payments in the current account.

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Definitions:

Planning Period

A defined time frame over which planning activities, including forecasts, resource allocation, and scheduling, are conducted.

Transportation Method

A linear programming technique used to find the most efficient and cost-effective way of distributing products from several suppliers to multiple destinations.

Linear Programming

A mathematical method for determining the best outcome in a model whose requirements are represented by linear relationships, widely used in operations research and economics to maximize or minimize an objective function.

Aggregate Planning

The process of developing, analyzing, and maintaining a preliminary approximate schedule of the overall operations of an organization.