To Minimize the Risk of an Unanticipated Change in Exchange

question 29

True/False

To minimize the risk of an unanticipated change in exchange rates, a company can protect itself by entering into a forward exchange contract.

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Definitions:

Adding Machine

A mechanical or electronic device used for calculating sums of numbers.

Managing Office Supplies

The process of ordering, stocking, and overseeing the distribution of products and equipment required for the operation of an office.

Least Effort

A principle suggesting that individuals or systems naturally prefer the solution that requires the minimal amount of work.

Expedience

The quality of being convenient and practical despite possibly being improper or immoral; often associated with taking shortcuts.