Under the U

question 45

Multiple Choice

Under the U.S. method of translation procedures, if the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars:

• A) translation is accomplished through the current rate method.
• B) translation is accomplished through the temporal method.
• C) translation is not required.
• D) the translation method to be used is not obvious.

Understand the various factors affecting economic growth.

Describe the influence of demographics on economic parameters.

Identify characteristics of less developed countries (LDCs) and newly industrialized countries (NICs).

Recognize trends in labor productivity and their impact on economic development.