You Are Writing a Memo to All Employees Explaining the Benefits

question 20

Multiple Choice

You are writing a memo to all employees explaining the benefits that have been written into the latest contract. Which one of the following four items in your list needs to be revised so that it is in a parallel form to the other three?

• A)claiming disability benefits
• B)sick leave
• C)professional development allowance
• D)annual paid vacation

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Definitions:

Forward Contracts

Financial derivatives that obligate the buyer to purchase, and the seller to sell, a particular asset at a predetermined future date and price.

Fair Value Hedge

A hedge of the exposure to changes in fair value of an asset or liability, or an unidentified firm commitment, that is attributable to a particular risk.

Cash Flow Hedge

A type of hedge that protects against the variability in cash flows arising from a particular risk, such as interest rate movements or currency fluctuations.

Foreign Exchange Loss

A loss that occurs when the value of a foreign currency declines in relation to the domestic currency, affecting transactions involving foreign currencies.