Romernia, an Asian country, imported goods and services worth $700 million in the last fiscal year. It exported goods worth $400 million in the same year. The difference in the value of Romernia's imports and exports is known as _____.
A. an absolute advantage
B. the balance of trade
C. a comparative advantage
D. the balance of payments
Answer: B
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The three central trends in Marketing 3.0 are collaborative marketing, globalization, and ________
A) cultural relevance B) horizontal marketing C) consumer well-being D) the rise of a creative society E) sustained technological development
Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $40,000 and $60,000 respectively. Income Summary has a credit balance of $20,000. What is Saturn's capital balance after closing Income Summary to Capital?
A) $55,000 B) $75,000 C) $45,000 D) $65,000
The balanced scorecard focuses only on lead indicators, because lag indicators are not important for performance evaluation
Indicate whether the statement is true or false
In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single warehouse The risk manager recommended that the finished goods be divided among three warehouses to prevent all of the finished goods from being destroyed by the same peril. Dividing the finished goods among three warehouses illustrates
A) duplication. B) separation. C) insurance. D) noninsurance transfer.