A Non-Cancelable Order of a Product That Specifies the Foreign

question 45

Multiple Choice

A non-cancelable order of a product that specifies the foreign currency price and date of delivery is called a:

• A)hedge.
• B)derivative.
• C)foreign currency firm commitment.
• D)international transaction.

---

Definitions:

Situation vs. Trait

Situation refers to the external environment that can influence behavior temporarily, while trait denotes enduring characteristics that influence behavior across different situations.

Mischel

Walter Mischel, an Austrian-born psychologist best known for his research on personality and his development of the cognitive-affective personality system (CAPS) theory.

Criticisms

Expressions of disapproval based on perceived mistakes or faults.

Bulk Sales

Refers to transactions where a business sells a significant portion of its inventory to a single buyer in one transaction, often used in liquidation processes.