Suppose That a Commodity Costs the Same Regardless of What $\le$

question 81

Multiple Choice

Suppose that a commodity costs the same regardless of what currency is used to purchase or where it is selling. The spot exchange rate is 2.3638 Canadian dollars per British pound. If a computer notebook costs C$1,695 in Canada, how much should it cost in Britain?

• A) \(\le\)253
• B) \(\le\)396
• C) \(\le\)4,007
• D) \(\le\)682
• E) \(\le\)717

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Definitions:

Centralized Decision-Making

A decision-making process where major decisions are made by a small group of people or an individual at the top of an organizational hierarchy.

Division Of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Incentives

Rewards or benefits offered to encourage specific actions or behaviors by employees, consumers, or other groups.

Control Mechanism

Systems or procedures implemented to regulate processes, behaviors, or operations to achieve stability or compliance within an organization.