The Functional Currency of a Foreign Unit Whose Receivables and Payables

question 10

Short Answer

The functional currency of a foreign unit whose receivables and payables are denominated in foreign currency and not usually remitted to parent company is the ______________________________.

---

Definitions:

Conform

The act of matching attitudes, beliefs, and behaviors to group norms, expectations, or pressures.

Implicit Influence

The subtle or unconscious impact on an individual's attitudes, beliefs, or actions without their explicit awareness.

Informational Influence

A form of social influence where an individual changes their behavior or belief based on the information or evidence provided by others.

Normative Influence

The influence that leads individuals to conform to the norms or behaviors of a group to gain acceptance or approval.