Since the Shift to Floating Exchange Rates,what Activity Has Become

question 50

Multiple Choice

Since the shift to floating exchange rates,what activity has become a big business?

• A) international stock markets
• B) purchases using the internet
• C) trading in currencies
• D) international mortgage banking
• E) land speculation

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Definitions:

Activity-Based Budgeting

A budgeting approach that considers the underlying activities and costs as the bases for budgets, focusing on cost drivers.

Non-Value-Added Activities

Processes or actions that do not add value to the product or service from the customer's perspective, potentially leading to unnecessary costs.

Rolling Budgets

A financial planning method that continuously updates by adding a new budget period as the current period is completed, ensuring a constant planning horizon.

Continuous Budgeting

A method of budgeting that continuously updates the financial budgets by adding a new period (month, quarter, etc.) as the current period is completed, allowing for near continuous financial planning.