Examine the Five Following Cases and Determine If the Functional

question 77

Essay

Examine the five following cases and determine if the functional currency of a U.S.parent's foreign unit is the foreign currency or the U.S.Dollar.
$\begin{array}{l}\begin{array}{|lll|} \hline\text { Scenario }\\ \hline \text { Receivables and payables denominated in}\\ \text { foreign currency are not usually remitted to }\\ \text { parent company.}\\ \hline \text { Sales prices are influenced by worldwide}\\ \text { competitive conditions and responsive on a }\\ \text { short-term basis to exchange rate changes.}\\ \hline \text { Foreign unit obtains materials primarly from}\\ \text { its own country.}\\ \hline \text { The unit's financing is taken care of through }\\ \text { ongoing fund transfers by the parent.}\\\hline \text { There is a low volume of intercompany }\\ \text { transactions and little operational}\\ \text { interrelations between the U.S. parent and }\\ \text { foreign unit.}\\\hline \end{array}\begin{array}{|lll|} \hline\text { Fumctional Courency is? }\\\hline \\\\\\\hline \\\\\\\hline \\\\\hline \\\\\hline \\\\\\\\\hline \end{array}\end{array}$

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Definitions:

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Error of Central Tendency

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Performance-rating Error

Mistakes or biases that occur when evaluating an employee's performance, potentially leading to inaccurate assessments.

Trait Evaluation Approaches

Methods used in psychology and human resource management to assess individuals' characteristics and predict their behavior or performance.