In Which of the Following Combinations of the Lessard-Lorange Model

question 16

Multiple Choice

In which of the following combinations of the Lessard-Lorange model is it possible that the ending spot exchange rate used to evaluate performance against the budget might be quite different from the initial spot exchange rate used to translate the budget?

• A)II
• B)IE
• C)EE
• D)PP

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Definitions:

National Policy

A course of action adopted and pursued by a government or political party on national issues.

States' Powers

The rights and responsibilities allocated to state governments, as distinguished from those vested in the federal government, under a federal system of governance.

Elastic Clause

A provision in the U.S. Constitution (Article I, Section 8, Clause 18) granting Congress the power to pass all laws necessary and proper for carrying out the enumerated list of powers.

Necessary

Essential or needed for a particular purpose or to achieve a specific outcome.