One of the Following Statements Is True About Sales to Foreign

question 28

Multiple Choice

One of the following statements is true about sales to foreign customers -

• A)you must accept the default exchange rate in the sales journal
• B)GST and PST are not charged on the sale
• C)all amounts are displayed in the home currency
• D)separate revenue accounts are needed for foreign sales

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Definitions:

Collectivism

Collectivism refers to a cultural or societal framework that emphasizes the needs, goals, and interests of the group over those of the individual.

Individualism

Individualism is a social and political philosophy that emphasizes the moral worth of the individual and the importance of self-reliance and personal independence.

Reciprocal Determinism

A concept in psychology that suggests individual behavior and the environment mutually influence each other.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and excitement-seeking.