Nersina, a European country, exports petroleum and imports cotton and jute. In the current fiscal year, the total value of Nersina's exports is higher than the total value of its imports. In this scenario, Nersina most likely has a _____.
A. balance of payments surplus
B. trade deficit
C. balance of payments deficit
D. trade surplus
Answer: D
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Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking. An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards.
Most subjects become interesting if ______ the audience.
a. adapted to b. entertaining for c. humorous for d. denied by
Which of the following countries has a high geographic distance but a low cultural distance from the United States?
A. Mexico B. Australia C. France D. Canada
When a company moves its production to another country it is known as
A) nearsourcing. B) insourcing. C) offshoring. D) onboarding.