Your US-Based Company Is Selling Parts to a Company in Chile

question 56

Multiple Choice

Your U.S.-based company is selling parts to a company in Chile and the company will pay you US$10,000 in 3 months. The current exchange rate is 490 pesos/US$. If the exchange rate at the time of payment is 510 pesos/US$

• A)you earn additional profit.
• B)the Chilean company will end up paying more for the goods.
• C)the Chilean company will end up paying less for the goods.
• D)you earn less profit.

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Definitions:

Celebrity Spokespeople

Famous individuals who endorse products, services, or charitable causes, often leveraging their public influence.

Foot-in-the-door Technique

A compliance strategy where a small request is made first to increase the likelihood of agreement to a larger request later.

Social Norm

Informal understandings that govern the behavior of members of a society.

Religious Service

A formalized period of communal worship, often held in a church, mosque, synagogue, or temple, where followers of a particular faith gather to perform rituals and ceremonies.