When an Extension on a Deadline Is Needed,asking for the Extension

question 72

Multiple Choice

When an extension on a deadline is needed,asking for the extension instead of demanding an accommodation for the delay ________.

• A)will be perceived as a sign of weakness
• B)will likely be seen as aggression
• C)is never recommended
• D)is more likely to generate goodwill and achieve a good business result
• E)may lead to confusion and dishonesty

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Definitions:

Flexible Exchange Rates

Exchange rates determined by the foreign exchange market, allowing the value of a currency to fluctuate according to supply and demand.

Bretton Woods Agreement

A 1944 agreement that established a new international monetary system, creating institutions like the International Monetary Fund (IMF) and the World Bank to ensure financial stability and promote economic cooperation.

Gold Standard

An economic setup where the worth of paper money or a country's currency is directly connected to the value of gold.

Fixed Exchange Rates

A government or central bank policy to maintain the country’s currency at a constant value relative to another currency or a benchmark.