For Each of the Following Situations, Select the Best Answer

question 83

Essay

For each of the following situations, select the best answer concerning accounting for foreign currency transactions:(G) Results in a foreign exchange gain.(L) Results in a foreign exchange loss.(N) No foreign exchange gain or loss._____1. Export sale by a U.S. company denominated in dollars, foreign currency of buyer appreciates._____2. Export sale by a U.S. company denominated in foreign currency, foreign currency of buyer appreciates._____3. Import purchase by a U.S. company denominated in foreign currency, foreign currency of seller appreciates._____4. Import purchase by a U.S. company denominated in dollars, foreign currency of seller appreciates._____5. Import purchase by a U.S. company denominated in foreign currency, foreign currency of seller depreciates._____6. Import purchase by a U.S. company denominated in dollars, foreign currency of seller depreciates._____7. Export sale by a U.S. company denominated in dollars, foreign currency of buyer depreciates._____8. Export sale by a U.S. company denominated in foreign currency, foreign currency of buyer depreciates.

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Definitions:

Machiavellian Leaders

Leaders who use cunning, strategy, and expediency over moral or ethical considerations in governance or achieving power.

Conventional Morality

A stage in moral development where individuals conform to established societal rules and norms to maintain social order and relationships.

Utilitarian View

An ethical philosophy that posits the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Position Approach

The position approach is a method in management and negotiation that focuses on the roles or standings of the parties involved, rather than the underlying interests and needs.