How are gifts and grants handled in the balance of payments?
What will be an ideal response?
Gifts and grants are handled as imports and exports of goodwill. If a domestic resident gives a gift to a foreign resident, the value of the gift is a debit (an import of goodwill) and the value of the gift is a credit on the domestic balance of payments because it results in payment of funds to foreigners.
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In creating a balanced scorecard, industry market share would belong to which category of performance measures?
a. Learning and Growth b. Internal Business Processes c. Customer d. Financial
Enforcing laws against ________ is complicated because such practices are similar to the legal practice of "trading up."
A) price bundling B) captive pricing C) bait-and-switch tactics D) prestige pricing E) placebo effect pricing
The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called:
A) absorption cost analysis B) variable cost analysis C) capital investment analysis D) cost-volume-profit analysis
The direct labor budget includes: units to be produced, direct labor time needed, and the beginning inventory
Indicate whether the statement is true or false