Charles Associates Is a U

question 52

Multiple Choice

Charles Associates is a U.S.company and has a central production plant in the U.S.(Currency: U.S.dollar) .It imports capital equipment and raw materials from Italy and Germany (Currency: Euro) .The company exports its products to China (Currency: Renminbi) ,Japan (Currency: Yen) ,and India (Currency: Rupee) .Which of the following changes in the exchange market is disadvantageous to Charles Associates?

• A) The U.S. dollar has weakened against the Renminbi.
• B) The U.S. dollar has strengthened against the Rupee.
• C) The U.S. dollar has strengthened against the Euro.
• D) The Yen has become strong against U.S. dollars.
• E) The Euro became weaker against most major currencies.

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Definitions:

Illegal Strike

A work stoppage by a group of workers that is not authorized by the relevant labor laws or violates a binding labor agreement.

Union Shop

A workplace where employees are not required to join the union in order to be hired, but must join within a certain period of being employed and remain members as a condition of employment.

Closed Shop

A workplace where only workers who are already members of the union can be hired.

Agency Shop

A workplace where employees are not required to join the union, but must pay union dues as the union negotiates on behalf of all employees.