Accounts are listed below for a foreign subsidiary that maintains its books in its local currency. The equity interest in the subsidiary was acquired in a purchase transaction. In the space provided, indicate the exchange rate that would be used to translate the accounts into dollars assuming the functional currency was identified (a) as the U.S. dollar and (b) as the foreign entity's local currency. Use the following letters to identify the exchange rate:
H - Historical exchange rate
C - Current exchange rate
A - Average exchange rate for the current period 
Definitions:
Personnel Management
The strategic and coherent approach to the management of an organization's most valued assets - the people working there.
Government Regulations
Laws and rules enforced by the state designed to control the behavior of citizens and organizations, often meant to protect public health and safety.
Productivity
Productivity measures the efficiency of production in terms of the amount of output produced per unit of input.
Economic Measure
A quantitative indicator used to assess the economic performance of a country, such as GDP, inflation rate, or unemployment rate.
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