Examine the Five Following Cases and Determine If the Functional

question 78

Essay

Examine the five following cases and determine if the functional currency of a U.S. parent's foreign unit is the foreign currency or the U.S. Dollar.
$\begin{array}{|l|l|}\hline \text { Scenario } & \text { Functional Currency is? } \\\hline \text { Receivables and payables denominated in foreign currency are not } & \\\text { usually remitted to parent company. } \\\hline \begin{array}{l}\text { Sales prices are influenced by worldwide competitive conditions and } \\\text { responsive on a short-term basis to exchange rate changes. }\end{array} \\\hline \text { Foreign unit obtains materials primarily from its own country. } & \\\hline \begin{array}{l}\text { The unit's financing is taken care of through ongoing fund transfers by } \\\text { the parent. }\end{array} \\\hline \begin{array}{l}\text { There is a low volume of intercompany transactions and little } \\\text { operational interrelations between the U.S. parent and foreign unit. }\end{array} & \\\hline\end{array}$

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Definitions:

Behavioral Metrics

The measured calculations of the actions users take that are connected to specific strategic initiatives on social media and communication objectives.

Listening

The practice of monitoring and analyzing conversations across social media platforms to understand public perception and gather insights.

Monitoring

The systematic process of tracking, observing, and checking activities or data over time for the purpose of oversight and regulation.

Influencers

Individuals who have the power to affect the purchase decisions of others because of their authority, knowledge, position, or relationship with their audience.