If Fewer British Tourists Visit Niagara Falls,what Is the Effect

question 81

Multiple Choice

If fewer British tourists visit Niagara Falls,what is the effect in the foreign exchange market?

• A)It will decrease the supply of British pounds.
• B)It will increase the demand for British pounds.
• C)It will decrease the demand for British pounds.
• D)It will increase the supply of British pounds.

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Definitions:

Indirect Costs

Expenses that are not directly traceable to a product, service, or project, such as rent, utilities, and administrative salaries.

Cost Centres

Divisions or units within an organization that do not directly generate revenue but incur costs, used for budgeting and cost control.

Cost Drivers

Factors that cause the costs of an activity to go up or down, like machine-hours or labor-hours, affecting the total cost of production.

Service Costs Accuracy

The precision with which the costs associated with delivering a service are measured and allocated.