Many Major Employers Routinely Monitor the Performance of Their Employees

question 16

Multiple Choice

Many major employers routinely monitor the performance of their employees through the computers and telephones they use.Employers are allowed to

• A)check the number of keystrokes that word processors enter during the day.
• B)eavesdrop on e-mail.
• C)eavesdrop on fax transmissions.
• D)eavesdrop on cell phone conversations.

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Definitions:

Foreign Currency Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specific amount of foreign currency at a set price within a specified time period.

U.S. GAAP

United States Generally Accepted Accounting Principles, a framework of accounting standards, guidelines, and procedures used in the United States.

Foreign Exchange Risk

The potential for financial losses due to changes in exchange rates affecting the value of foreign-currency-denominated assets and liabilities.

Foreign Exchange Gain

Foreign Exchange Gain arises when a currency transaction results in receiving or paying fewer units of the home currency than initially anticipated due to exchange rate movements.