In the fiscal year 2015–2016, Nescarto, an African country, imported goods worth $18 million and exported goods worth $20 million. It also borrowed $40 million from other countries. In this scenario, Nescarto had a _____ during 2015–2016.
A. balance of payments surplus
B. balance of payments decumulation
C. negative balance
D. trade deficit
Answer: A
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A) test markets B) cognitive neuroscience C) purchase simulation tests D) emotional reaction tests
Credit sales of assets other than merchandise inventory occur infrequently and are recorded in the ________.
A) sales journal B) cash receipts journal C) accounts receivable journal D) general journal
Ricardo is the holder of a check that contains the indorsement "Without Recourse, (signed) Mary Roberts." This indorsement:
A) makes further indorsement impossible. B) requires a special indorsement by the transferee. C) limits the liability of Mary Roberts. D) limits the liability of all subsequent holders including Ricardo.
Companies that sell products with high profit margins are more likely to use _______________. Companies selling products whose sales are directly related to product availability will most likely use ______________.
A. exclusive distribution; intensive distribution B. exclusive distributive; selective distribution C. selective distribution; intensive distribution D. selective distribution; exclusive distribution E. intensive distribution; exclusive distribution