There Have Been Few Good Studies on the Use of Local

question 9

Multiple Choice

There have been few good studies on the use of local currency versus parent currency in establishing budgets. However, the Appleyard study of a small sample of British firms found that

• A) most firms set their budgets in local currency.
• B) most firms set their budgets in sterling.
• C) most firms set their budgets in both sterling and the local currency.
• D) most firms set their budgets in the local currency, although all of them saw the final results in sterling.

---

Definitions:

Lazarus

Often associated with the psychological concept of stress and coping mechanisms, inspired by the work of psychologist Richard Lazarus.

Avoidance-Avoidance Conflict

A conflict arising from having to choose between undesirable alternatives.

Unfinished Paper

An in-progress academic or scholarly paper that has not yet reached completion.

Failing Grade

A grade indicating that the performance does not meet the minimum academic standards.