The 'Functional Currency' of a Business Is

question 23

Multiple Choice

The 'functional currency' of a business is:

• A) the currency of the country in which the business is incorporated
• B) the currency of the primary economic environment in which the company operates
• C) the currency in which the business presents its financial reports
• D) the currency of the country in which the majority of the shareholders of the business are located

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Definitions:

Response Generalization

The phenomenon where the effects of reinforcement for a specific behavior increase the likelihood of other similar behaviors occurring.

Response Maintenance

A type of generalization that occurs when a behavior is performed following the withdrawal of an intervention. It is measured in terms of the strength or durability of learned behaviors once the initial contingencies are removed.

Generalization

The process in which behaviors learned in one context transfer to other contexts that are perceived as similar, extending the reach of learned responses beyond the original settings.

Social Validation

The process of seeking or obtaining approval or affirmation from others in one's social environment.