A Canadian Subsidiary of a U

question 41

Multiple Choice

A Canadian subsidiary of a U.S. parent firm is instructed to bill an export to the parent in U.S. dollars. The Canadian subsidiary records the accounts receivable in Canadian dollars and notes a profit on the sale of goods. Later, when the U.S. parent pays the subsidiary the contracted U.S. dollar amount, the Canadian dollar has appreciated 10% against the U.S. dollar. In this example, the Canadian subsidiary will record a:

• A) 10% foreign exchange loss on the U.S. dollar accounts receivable.
• B) 10% foreign exchange gain on the U.S. dollar accounts receivable.
• C) Since the Canadian firm is a U.S. subsidiary, neither a gain nor loss will be recorded.
• D) Any gain or loss will be recorded only by the parent firm.

Knowledge of the stability of personality and the trait perspective's contribution to understanding personality.

Understanding of reciprocal determinism and its significance in personality development.

Familiarity with the MMPI and its original purpose for identifying emotional disorders.

Grasp of the global consistency in the description of personality traits and the relevance of the Big Five factor model.

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Definitions:

Reflexes

Spontaneous and almost immediate reactions triggered by an external stimulus.

Excitatory Synapses

Connections between neurons that increase the likelihood of the receiving neuron to fire an action potential.

Inhibitory Synapses

Connections between neurons that decrease the likelihood of the receiving neuron firing, playing a key role in the modulation of neural circuits.

Neuron

A specific type of cell responsible for conveying nerve signals; also known as a neuron.