Scenario: ABC Software ABC Software Is a Producer of Educational Software for Children

question 20

Multiple Choice

Scenario: ABC Software
ABC Software is a producer of educational software for children below the age of twelve. The company has operations in Switzerland and would like to expand its foreign operations with a new facility in China.
-The company's financial advisors recommend that ABC Software conduct most of its business in a vehicle currency.Which of the following is true of vehicle currencies?

• A) A vehicle currency is a contract that requires the exchange of an agreed-upon amount of a currency on an agreed-upon date at a specific exchange rate.
• B) The U.S. dollar, Australian dollar, Japanese yen, and British pound are all examples of vehicle currencies.
• C) The U.S. dollar became a vehicle currency after World War II when all of the world's major currencies were tied indirectly to the dollar because it was the most stable currency.
• D) The Chinese yuan is expected to become a vehicle currency in the near future as China's position in world trade continues to grow.

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Definitions:

Maintenance-Related Behavior

Actions or practices aimed at preserving or improving the condition and functionality of something.

Deadline

A time or date by which a task or project must be completed.

Project Draft

A preliminary version of a project or document that outlines the main ideas and structure, used for review and further development.

Team Creativity

The generation of innovative ideas and solutions through collaborative efforts within a team.