Nakato, a South Asian country, exported goods worth $500 million and imported goods worth $400 million in the last fiscal year. The country also made foreign investments worth $300 million and provided foreign aid worth $100 million in disaster relief. Besides this, the country took a loan of $5 billion from the World Bank. This flow of money into and out of Nakato is measured by _____.
A. opportunity cost
B. the balance of trade
C. articles of organization
D. the balance of payments
Answer: D
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Which of the following does not accurately characterize the IFAC?
a. It produces international financial reporting standards. b. Its guidelines cannot be imposed on any member organization or nation. c. Its board produces international standards for ethics, education, and public sector accounting. d. It produces international standards for auditing and assurance.
Which of the following graphs provide information on outliers and IQR of a data set?
a. Histogram b. Line chart c. Scatter chart d. Box plot
Managing diversity involves a ________ approach to the issue of diversity in the workplace.
A. negative, passive B. positive, aggressive C. positive, proactive D. positive, passive E. negative, proactive
Aardvark needs some quickly obtainable funds to pay some overdue bills. It is considering using factoring–obtaining cash in exchange for outstanding accounts receivable funds
Which of the following, if true, strengthens the case for using factoring? A) Factoring can be a costly way to obtain ready cash. B) Aardvark would not have to liquidate any of its core assets to stay in business. C) Customers may be annoyed if they think their account has been turned over to a collection agency. D) Additional accounting practices are necessary to keep track of factored customer accounts. E) Factoring companies usually won't take on receivables more than 90 days old.