A Small Company Can Deal with Changing Currency Rates by

question 68

Multiple Choice

A small company can deal with changing currency rates by

• A)stating contracts in US dollars as opposed to the international currency.
• B)locating all plants in countries with the most advantageous exchange position.
• C)limiting sales in each country so as to reduce exposure to any one currency.
• D)following the advice of the international sales manager.

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Definitions:

Cultural Variables

Elements that differ from one culture to another, influencing beliefs, behaviors, and values.

Homeostasis

A concept from systems theory referring to the tendency of a system, including biological and psychological systems, to maintain internal stability and equilibrium.

Interactional Sequence

A series of social interactions that follow a predictable pattern, often analyzed in therapy or social psychology to understand behavioral dynamics.

Systemic Dynamics

Interactions and patterns within systems (e.g., families, organizations) that influence and are influenced by individual behaviors and relationships.