Scenario: Sally Goes to Japan

question 82

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 that she needs to learn how the foreign exchange market works before she can successfully sell her products abroad.
-Which of the following is true about a quote of ¥117.87/$?

• A) It is equal to $.008484/¥.
• B) The quote is in U.S. dollars.
• C) This is an indirect quote on the yen.
• D) It costs a little more than a dollar to buy one yen.

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Definitions:

Negative Feedback

A process or response where the results of a behavior or action are used to decrease or dampen further occurrence of that behavior or action.

E-mail

A method of sending messages electronically from one computer user to another, typically via the internet.

Written Communication

The process of conveying information or expressing ideas through the writing of symbols, words, or sentences.

Oral Recall

The process of remembering and verbally articulating information that was previously learned or experienced.