According to Your Authors, the Main Purpose of Translation Is

question 12

Multiple Choice

According to your authors, the main purpose of translation is:

• A) to prepare consolidated financial statements.
• B) to help management assess the performance of foreign subsidiaries.
• C) to act as an interpreter for managers without foreign language skills.
• D) none of the above

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Definitions:

Long Run

A period in which all factors of production and costs are variable, and firms can adjust all inputs.

Inputs Fixed

Refers to factors of production (like capital and land) that remain constant in quantity, regardless of the level of output.

Inputs Variable

Factors of production such as labor, land, and capital that are used to create goods and services.

Long-Run Adjustment

A process businesses undergo to alter their level of output in response to economic changes, ensuring long-term economic efficiency and resource allocation.