The Helping Practitioner

question 3

Multiple Choice

The helping practitioner

• A) Attempts to resolve conflicts between organizational and client need
• B) Does not attempt to resolve conflict between organizational need and client need
• C) Keeps the focus on helping the client without involving the organization
• D) Will never break confidentiality due to organizational policies

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Definitions:

Spot Rate

The current market price used for immediate settlement of a currency, security, or commodity transaction.

Hedge Accounting

An accounting method that modifies the normal treatment of gains and losses from hedging activities so that they are recorded in the same period as the offsetting gains or losses on the hedged item.

Foreign Currency Firm Commitments

Agreements to execute a financial transaction in a foreign currency at a future date, at a predetermined rate or price.

Cash Flow Hedge

A form of hedge accounting that aims to reduce the exposure to variability in cash flows related to a specific risk.