All of the Following Are Reasons for the Increasing Use

question 16

Multiple Choice

All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT:

• A) Global population growth
• B) Increasing environmental awareness
• C) Legislation requiring corporate ethical and sustainable sourcing
• D) Declining worldwide levels of natural resources

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Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates, typically the currency in which it principally generates and expends cash.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a portion of the corporation’s earnings.

Foreign Subsidiary

A company that is partially or wholly owned but is located in a different country than the parent company, subject to the laws and regulations of the country in which it operates.

Currency Exchange Rates

The value of one currency for the purpose of conversion to another currency.