The Local Currency Is

question 45

Multiple Choice

The local currency is

• A) the currency in which the parent company prepares its financial statements.
• B) any currency other than the parent currency.
• C) the currency of the primary economic environment in which the firm operates.
• D) the currency of the country where the foreign firm is operating.

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Definitions:

Positive Reinforcement

Positive reinforcement strengthens a behavior by making a desirable consequence contingent on its occurrence.

Successive Approximations

A technique in behavior modification where desired behaviors are gradually learned through a series of steps that get closer to the target behavior.

Positive Reinforcement

A method of encouraging desired behavior by rewarding it, thus increasing the likelihood of the behavior being repeated.

OB Mod

Organizational Behavior Modification, a theory that focuses on influencing individual or group behaviors within an organization through a system of rewards and punishments.