If the Dollar Per Pound Exchange Rate Falls from $1

question 24

Multiple Choice

If the dollar per pound exchange rate falls from $1.50 per pound to $1.25 per pound,______.

• A)U.S.imports of British goods will increase
• B)U.S.exports of goods to Great Britain will increase
• C)U.S.exports of services to Great Britain will fall because the price of the pound has increased
• D)British demand for American goods will remain unchanged,but American demand for British goods will fall
• E)U.S.demand for British goods will remain unchanged,but British demand for American goods will increase

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Definitions:

Nonprogrammed Decision

Decision-making that occurs in situations that are unique, poorly defined and largely unstructured, requiring custom solutions.

Manager's Involvement

Refers to the degree to which a manager is engaged in the daily operations and decision-making processes of their team or department.

Organizational Objectives

Specific, quantifiable, short-term and long-term goals set by a business or organization to guide its operations and to facilitate the achievement of its vision and mission.

Employee Involvement

A philosophy that empowers employees to contribute ideas and make decisions in their workplace to enhance the quality and productivity.