Although merchandise exports have grown faster than world output in nearly every year since 1980, the level of ________ exports worldwide has grown even more rapidly during this time.
Fill in the blank(s) with the appropriate word(s).
service
Merchandise exports have grown faster than world output in nearly each of the past 60 years. World merchandise exports grew from $2.0 trillion in 1980 to $3.5 trillion in 1990, $6.5 trillion in 2000, $15.3 trillion in 2010, and $18.8 trillion in 2013. This means that exports in 2013 were nearly 10 times larger than they were in 1980, and 2013 exports were 23 percent larger than only three years earlier, in 2010. The level of service exports worldwide grew even more during this time, from $396 billion in 1980 to $831 billion in 1990, $1.5 trillion in 2000, $3.9 trillion in 2010, and $4.7 trillion in 2013. This means that services exports in 2013 were about 12 times larger than they were in 2010.
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________ are the principles governing the behavior of individuals and companies that establish appropriate behavior and indicate what is right and wrong.
A. Company traditions B. Ethics C. Training guidelines D. Acts E. Legislations
At the beginning of 2019, Gourmet Cupcakes Company has the following ledger balances:
Accounts Receivable $45,000 (Debit) Allowance for Bad Debts $6000 (Credit) During the year, credit sales amounted to $820,000. Cash collected on credit sales amounted to $780,000, and $18,000 has been written off. Gourmet Cupcakes uses the aging-of-receivables method to record bad debts expense. The estimate of uncollectible accounts was $28,000. The ending balance in the Allowance for Bad Debts is ________. A) $40,000 B) $18,000 C) $28,000 D) $22,000
Companies whose operations are consistent with stakeholder theory:
A. report lower earnings levels than their competitors. B. include McDonald's, Tri-Com, and Sierra Designs. C. include Johnson & Johnson, eBay, Google, and Lincoln Electric. D. have higher staff turnover rates than their competitors.
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's current FIFO inventory consists of 200 units purchased at $16 per unit. Net realizable value has now fallen to $13 per unit. What is the amount of the lower cost of market adjustment the company must make as a result of this decline in value?
A. $1,400. B. $1,000. C. $800. D. $400. E. $600.