In Order to Have Specific Policies in Relation to FX

question 13

Multiple Choice

In order to have specific policies in relation to FX management which part of the company needs to establish FX policies?

• A) Accounting and reporting division
• B) Management and audit division
• C) The manager of the treasury division
• D) The board of directors

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Definitions:

Progressive Tax

A tax system where the tax rate increases as the taxable amount increases, placing a higher burden on those who have higher income levels.

Proprietary Income

Income earned from owning a business or holding exclusive rights to a product or service.

Government-run Businesses

Enterprises or corporations that are owned and operated by a government in order to provide goods or services to its citizens.

Excise Tax

A duty imposed on particular products, services, or actions, frequently intended to diminish their usage or to collect funds.