All of the Following Are Examples of How a Finance

question 13

Multiple Choice

All of the following are examples of how a finance department can support international currency requirements except _____.

• A)pay in U.S.dollars
• B)identify the currency a firm should use for payment based on projections of currency fluctuations
• C)provide advice about hedging and currency forecasts
• D)act as a clearinghouse for offshore currencies to make payment for offshore purchases
• E)provide advice as to whether to seek a new contract or renegotiate an existing one because of currency changes

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Definitions:

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant known for his work in the field of quality management.

Rewards Drive

The motivation prompted by the anticipation or receipt of rewards, influencing behavior and decision-making.

Extrinsic Motivators

External incentives such as rewards or punishments that encourage a person to perform an activity, regardless of whether the activity is inherently enjoyable.

Money

A medium of exchange, unit of account, and store of value used to facilitate transactions and measure the value of goods and services.