Both ____ and ____ Are Part of the Rules That

question 29

Multiple Choice

Both ____ and ____ are part of the rules that govern behavior in most nations.

• A) customs and informal rules
• B) formal rules and ethics
• C) formal rules and informal rules
• D) all of the other specific choices
• E) none of the other specific choices

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Definitions:

Uncertainty

A situation characterized by the lack of predictability or definite knowledge about an outcome or result.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Balance Sheet Hedge

A financial strategy used to reduce the risk of currency fluctuations affecting the value of assets and liabilities reported in a company's balance sheet.

Exchange Rate Fluctuations

Variations in the value of one currency relative to another, affecting international trade and investments.