The Functional Currency of a Foreign Operation Is

question 31

Multiple Choice

The functional currency of a foreign operation is:

• A) the currency of the parent company.
• B) the currency of the host country.
• C) whichever currency the company chooses to declare as the functional currency.
• D) the currency in which cash flows, pricing, expenses, and financing are denominated.

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Definitions:

Oedipus Complex

A Freudian theory proposing a child's unconscious desire for the opposite-sex parent and jealousy toward the same-sex parent.

Erogenous Zones

Specific areas of the human body that have heightened sensitivity, which, when stimulated, can produce a sexual response or pleasure.

Latency Stage

A phase in Freudian psychosexual development occurring from around age six to puberty, characterized by a decrease in overt sexual interests and the development of social and intellectual skills.

Orally Fixated

A psychoanalytic concept suggesting that an individual is focused on oral pleasures such as eating or smoking, stemming from early childhood.