All of the Following Factors Would Be Used to Define

question 36

Multiple Choice

All of the following factors would be used to define a foreign entity's functional currency,except

• A)high volume of intercompany transactions.
• B)expenses for foreign entity primarily driven by local factors.
• C)financing for foreign entity denominated in local currency.
• D)foreign entity's status as a local tax haven for transfer pricing purposes.

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Definitions:

Situational Attribution

The process of ascribing an individual's behavior to external or situational factors, rather than internal characteristics.

Dispositional Attribution

The tendency to attribute someone's behavior to their personality or inherent characteristics rather than to the situation they are in.

Altruism

The selfless concern for the well-being of others.

Effectiveness

The degree to which an action achieves its intended outcome or results successfully.