The Functional Currency Is

question 18

Multiple Choice

The functional currency is

• A) the U.S. dollar.
• B) any currency other than the parent currency.
• C) the currency of the primary economic environment in which the firm operates.
• D) the currency in the country where the foreign firm is operating as long as it is also the reporting currency.

---

Definitions:

Patent

A form of intellectual property right granting the patent holder the exclusive right to make, use, sell, and offer for sale the patented invention for a certain period of time.

Final Cash Flow

Final Cash Flow is the last cash inflow or outflow in a series of transactions, often associated with the termination or exit of an investment.

New Product Design

The process of creating a new product to be sold by a business to its customers.