If a Parent Company Has a Subsidiary in a Country

question 50

Multiple Choice

If a parent company has a subsidiary in a country where the cumulative rate of inflation for the past three years is around 100 percent, which translation methodology would they use according to the IASC?

• A) the temporal method.
• B) the temporal method after adjusting for inflation.
• C) the current rate method.
• D) the current rate method after adjusting for inflation.

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Definitions:

Anti-globalization Protest

Collective actions or movements opposing the global integration of economies and cultures, focusing on issues like environmental damage, labor rights, and cultural erosion.

World Trade Organization

An international organization designed to supervise and liberalize international trade, providing a framework for negotiating trade agreements and a dispute resolution process.

Indigenous Cultures

refers to the customs, practices, languages, values, and world views that are inherited from generation to generation by original inhabitants of regions, distinct from global dominant cultures.

Unethical Business Practices

Unethical business practices encompass behaviors and decisions by individuals or organizations that are dishonest, fraudulent, or otherwise violate ethical standards.