If an Australian Importer Has a Contract for Japanese Goods

question 54

True/False

If an Australian importer has a contract for Japanese goods denominated in yen payable in three months' time and is concerned that the AUD may appreciate,the importer may enter into a forward contract to sell the yen for delivery in three months' time.

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Definitions:

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to better respond to the needs of its environment.

Work Environment

The setting, conditions, and culture in which an employee works, including physical space, work hours, and organizational climate.

Critical Periods

Specific times during an organism's life span when it is more sensitive to environmental influences or stimulation than at other times, often affecting development or behavior.

Change Process

The series of actions taken to modify the methods, strategies, or structure of an organization to achieve desired results.