Which of the Statements Below Is FALSE

question 72

Multiple Choice

Which of the statements below is FALSE?

• A)The opportunity to make a profit without risk by exchanging three currencies is known as triple arbitrage.
• B)When cross rates are out of line,there can be an arbitrage opportunity.
• C)Exchange rates vary from one day to the next.
• D)Even if you could not do a direct exchange between pounds and yen,you could convert pounds to dollars and then dollars to yen and ultimately end up changing pounds into yen.

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Definitions:

Bounded Ethicality

The concept that cognitive biases and organizational contexts limit individuals’ ability to make ethically ideal decisions.

Ethical Blind Spots

The tendency to overlook or underestimate the ethical dimensions of one’s actions or decisions, often due to cognitive biases.

Ethical

Pertaining to or dealing with morals or the principles of morality; adhering to accepted standards of conduct.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people towards the achievement of goals and objectives.