Consider Vepco,a Company That Began as a Rocket Propulsion Development

question 53

Multiple Choice

Consider Vepco,a company that began as a rocket propulsion development firm and grew through vertical integration.The firm is trying to figure out how to keep pace with the accelerated trends toward outsourcing that has developed in the last 10 years.Which type of parenting opportunity does this represent?

• A) Business definition/redefinition
• B) Management
• C) Specialized expertise
• D) Predictable errors

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Definitions:

Euro Payable

A liability or obligation denominated in euros payable to a creditor or supplier.

Foreign Currency

Currency used outside the issuing country, not the domestic currency of the company conducting the financial transactions.

Foreign Exchange Gain

A profit resulting from changes in the exchange rate between the currency in which a transaction is denominated and the home currency.