Scenario: Sally Goes to Japan

question 190

Multiple Choice

Scenario: Sally goes to Japan
Sally Johnson has identified a market for her company's products in Japan. She is excited about expanding her company, but knows she needs to learn how the foreign exchange market works before she can successfully sell her products abroad.
-If Sally sees a quote of ¥117.87/$ she knows that all of these are true EXCEPT ________.

• A) the yen is the quoted currency
• B) this is an indirect quote on the dollar
• C) this is a direct quote on the yen
• D) the quote is in U.S. terms

---

Definitions:

Reasoning

The process of thinking about something in a logical way to form a conclusion or judgment.

Egocentric Thought

a cognitive perspective where an individual perceives the world solely from their own point of view, often seen in early childhood development.

Conservation

In psychological terms, it refers to a child's ability to recognize that the quantity of a substance remains the same despite changes in its shape or container.

Centrated Thinking

A type of thought process in early childhood development where the child focuses on one salient aspect of a situation, neglecting other important factors.