BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The total value of debts a company owes to external creditors
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The total money value of all goods and services produced in Australia over a one year-period
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A record of a country’s trade and financial transactions with the rest of the world over time, usually one year
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A system used to determine what to produce, how to produce and to whom production will be distributed
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Detailed explanation-1: -The correct answer is all import and export transactions of a country during a given period of time, normally a year.
Detailed explanation-2: -The balance of payment is the statement that files all the transactions between the entities, government anatomies, or individuals of one country to another for a given period of time.
Detailed explanation-3: -Statement 3 is correct: The Balance of Payments (BoP) includes both the current account and capital account, in the capital account there is the nation’s imports and exports of capital and foreign aid.
Detailed explanation-4: -The balance of trade is the account that details the value of exported goods and the value of imported goods.
Detailed explanation-5: -The correct answer is Balance of trade . The difference between the value of a country’s exports and the value of its imports for a certain period is known as the balance of trade (BOT).