Critical Thinking Questions Case 7-2 You Began Work as a Consultant

question 87

Multiple Choice

Critical Thinking Questions Case 7-2 You began work as a consultant to individuals and businesses, making recommendations to them about the kinds of systems they should buy and what equipment they should have. Sayed is a power user at a manufacturing facility. What is a good recommendation for the size of his hard disk?

• A) 250 GB
• B) 500 GB
• C) 100 GB
• D) 2.5 TB

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Definitions:

Translation Gains

Financial gains resulting from converting the financial statements of a foreign subsidiary into the parent company's reporting currency.

Realized

Refers to profits or losses that have been made official by a transaction or event, distinguishing them from unrealized or paper profits or losses.

Taxed

The imposition of a financial charge or other levy upon a taxpayer by a governing state or the functional equivalent of a state.

Forward Contracts

Financial derivatives that obligate the buyer to purchase, and the seller to sell, a particular asset at a predetermined future date and price.