If a French Importer Has to Write a 4,000 Euro

question 193

Short Answer

If a French importer has to write a 4,000 euro check to cover a $8,000 purchase from the United States,the exchange rate is ______ dollar to a euro.

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Definitions:

Vertical Control

A management approach where decision-making and directives flow from the top levels of the organizational hierarchy down to the lower levels.

Lateral Command

A form of organizational communication that occurs among colleagues at the same hierarchical level, without involving higher management.

Supply-Chain Manager

A professional responsible for overseeing and managing a company's end-to-end supply chain processes, from procurement of materials to delivery of final products.

Boundary-Spanning

Activities performed by individuals or groups that involve interactions outside the immediate organization to obtain information or resources.