If Michelle Can Buy a Woolen Jacket for 40 Yuan

question 50

True/False

If Michelle can buy a woolen jacket for 40 Yuan in China, and Rebecca pays $40 for the same jacket in the U.S. , it implies the exchange rate between these two nations is 10 Yuan = $1.

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Definitions:

Mutual Adjustment

A coordination mechanism where parties continuously adapt and negotiate their work and behavior with each other in order to achieve a common goal.

Liaison Roles

Positions or duties in which an individual acts as a link to facilitate communication and coordination between different parts of an organization or between organizations.

Integrators

Organizational members permanently assigned to facilitate coordination between departments.

Informal Communication

Refers to the casual and unstructured exchange of information between individuals or groups without following the formal channels of communication.