A Noncancelable Sales Order That Specifies Foreign Currency Price and Date

question 31

Multiple Choice

A noncancelable sales order that specifies foreign currency price and date of delivery is known as a:

• A) hedge.
• B) foreign currency firm commitment.
• C) forward contract.
• D) put option.

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Definitions:

Welding Symbol

Symbols used on blueprints and technical drawings to indicate the type, size, and length of welds used in the fabrication of metal parts.

Reference Line

A line on a drawing that serves as a basis or guide, commonly used to reference dimensions or to anchor annotation symbols such as those for welding.

Leg

A supporting structure or component of an object, typically extending downwards to provide stability or support.

Root Opening

The gap between the parts being joined before welding.