Which of the Following Statements Is FALSE

question 3

Multiple Choice

Which of the following statements is FALSE?

• A)The most common method firms use to reduce the risk that results from changes in exchange rates is to hedge the transaction using currency forward contracts.
• B)Fluctuating exchanges rates cause a problem known as the importer-exporter dilemma for firms doing business in international markets.
• C)Exchange rate risk naturally arises whenever transacting parties use different currencies: Both of the parties will be at risk if exchange rates fluctuate.
• D)Because the supply and demand for currencies varies with global economic conditions,exchange rates are volatile.

Grasp the concept of logical incrementalism and its application in organizations.

Appreciate the importance of involving employees in the change process and the potential consequences of neglecting this.

Understand the psychological responses to change, including stages of denial, shock, and acceptance.

Understand the kaizen concept and its impact on business productivity.

---

Definitions:

Cultural Melting Pot

A metaphor for a society where many different types of people blend together as one, often losing their original cultural identities.

Distinct

Clearly different or set apart in quality or characteristics from others.

Cultural Adaptation

The process through which individuals or groups adjust to and integrate new cultural practices, norms, and values into their lives.

Environmental Pressures

External forces in the environment that can affect the survival and development of an organism or organization.