An American Corporation Making Purchases from Foreign Companies Will Experience

question 58

True/False

An American corporation making purchases from foreign companies will experience gains and losses from exchange rate fluctuations if (a)the purchase prices are stated in terms of the foreign currency and (b)the purchases are made on account.

Understand the role of mentoring in career development and its indication of management support.

Analyze the advantages and disadvantages of internal recruitment strategies and measures for retaining top talent through stages of career development.

Understand the benefits of division of labor and how it enhances efficiency in organizations.

Differentiate between various forms of job analysis, especially the competency-based analysis.

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Definitions:

Valid

Legally sound and binding; conforming to the law or to established rules.

Basic Element

A fundamental or essential component or aspect of something.

Consideration

In contract law, a basic requirement for an enforceable agreement under traditional contract principles, defined in this text as legal value, bargained for and given in exchange for an act or promise. In corporation law, cash or property contributed to a corporation in exchange for shares, or a promise to contribute such cash or property.

Capacity

The ability to incur legal obligations and acquire legal rights.