Using the Same Exchange Rate to Set the Budget and Monitor

question 25

Multiple Choice

Using the same exchange rate to set the budget and monitor results ________.

• A)allows management to focus on operating variances instead of exchange-rate variances
• B)enables management to focus on both operating and exchange-rate variances
• C)is an illegal reporting method according to the FASB
• D)is the only method that can be used in Europe

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