If the Exchange Rate Changes from 20 Cents Per Franc

question 49

Multiple Choice

If the exchange rate changes from 20 cents per franc to 18 cents per franc, the U.S. dollar has _____

• A) appreciated, since its value has increased.
• B) appreciated, since its value has declined.
• C) depreciated, making French goods more expensive in the United States.
• D) depreciated, since its value has declined.
• E) depreciated, since its value has increased.

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Definitions:

Management Function

The process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively.

Performance Objectives

Specific, measurable goals set by an individual or organization to gauge the effectiveness of performance over a period.

Action Steps

Specific, measurable tasks or activities that are planned and executed to accomplish a strategic goal.

Effective Manager

Helps others achieve high levels of both performance and satisfaction.