If the British Subsidiary of a European Firm Has Net

question 25

Multiple Choice

If the British subsidiary of a European firm has net exposed assets of £250,000, and the pound drops in value from €1.35/£ to €1.30/£, the European firm has a translation:

• A) gain of €12,500.
• B) loss of €12,500.
• C) loss of £12,500.
• D) gain of £12,500.

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Definitions:

B Corporation

A type of certification for for-profit companies, indicating that they meet rigorous standards of social and environmental performance, accountability, and transparency.

Public Relations

The practice of managing the spread of information between an individual or an organization and the public.

PR Practitioner

A professional specializing in public relations, responsible for maintaining and improving the image and relationships of their organization with the public.

Overflow Crowd

An audience or group of people that exceeds the capacity of the venue or space intended for the event, gathering, or meeting.