Use the Following to Answer Questions

question 62

Multiple Choice

Use the following to answer questions:
The value of a euro goes from C$1.25 to C$1.50.
-(Scenario: Exchange Rates) Refer to Scenario: Exchange Rates.The dollar has:

• A) depreciated.
• B) appreciated.
• C) been revalued.
• D) not been affected for use in international trade.

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Definitions:

Machine-Hours

A measure of production activity that quantifies the number of hours machines are operated in the manufacturing process.

Mark Up

The percentage added to the cost price of goods to cover overhead and profit.

Direct Labor-Hours

This refers to the total number of hours worked by employees who are directly involved in the production of goods or services.

Machine-Hours

A measure of production activity that quantifies the total hours machines are operated in the manufacturing process.