The Tendency for Some Species of Birds and Mammals to Follow

question 62

Multiple Choice

The tendency for some species of birds and mammals to follow and attach to the first thing that moves after they are born is called

• A)reflex attachment
• B)fixating
• C)imprinting
• D)encoding

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Definitions:

Foreign Currency Risk

The possibility of losing value due to changes in the exchange rate between two currencies.

Fair-value Hedge

A strategy used in accounting to mitigate the risk of changes in the fair value of an asset, liability, or firm commitment through derivative contracts.

Cash-flow Hedge

A hedge of the exposure to variability in cash flows that is attributable to a particular risk associated with an asset or liability or a forecasted transaction.

Purchase Order

An official document issued by a buyer committing to pay the seller for the sale of specific products or services.