When a Business Hires a Staff to Formally Represent the Organization

question 64

Multiple Choice

When a business hires a staff to formally represent the organization before a political body,in efforts to influence that political body,the business is

• A) using personal contacts.
• B) starting a political action committee.
• C) lobbying.
• D) asking for favors.
• E) campaigning.

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Definitions:

Fair-Value Hedge

A hedge of the exposure to changes in fair value of an asset or liability or an identified portion of such an asset or liability that is attributable to a particular risk.

Exchange Gain

A profit arising from changes in foreign exchange rates that benefit the value of a company's foreign currency denominated assets or liabilities.

April 30 Year-End

A fiscal year or financial reporting period that concludes on April 30th, often used by companies or organizations for tax or reporting purposes.

Cash-Flow Hedge

A financial strategy used to manage risks associated with the fluctuations in cash flows due to changes in exchange rates, interest rates, or commodity prices.