Mark Is the Only Individual in His Organization Who Speaks

question 33

Multiple Choice

Mark is the only individual in his organization who speaks Spanish fluently.His firm just purchased a firm located in Mexico.Mark's boss just told him how valuable he is to the firm.This scenario is an example of what factor in the strategic contingency model?

• A)scarcity
• B)dependent
• C)independence
• D)substitutability

---

Definitions:

Closing Rate

Closing Rate refers to the exchange rate between two currencies at the end of a trading period, used in accounting to convert the financial statements of foreign subsidiaries.

Spot Rate

The current market price at which a particular currency can be bought or sold for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date, used as a hedging instrument against currency fluctuations.

Average Rate

An indicative value representing the mean of several different rates or prices, commonly used in finance.