Listed Below Are Nine Global Business Terms Introduced in This

question 13

Essay

Listed below are nine global business terms introduced in this chapter:
Each of the following statements may (or may not) describe one of these terms. In the space provided below each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.
a. The strategy of creating offsetting positions so that losses from currency fluctuations will be offset by gains resulting from the same fluctuations.______________________________
b. Selling a good or service to a foreign customer.______________________________
c. Government allocates resources and determines output through central planning.______________________________
d. The organization responsible for developing uniform worldwide accounting standards.______________________________
e. Distinguishes between illegal influence peddling and legal facilitating payments.______________________________
f. A cross-border contractual agreement allowing one company to use trademarks, patents, or technology of another company.______________________________
g. The impact on the value of a company of unexpected fluctuations in the exchange rate.______________________________
$\begin{array}{|l|l|l|}\hline \text { Foreign exchange risk } & \text { Future contracts } & \begin{array}{c}\text { International Accounting } \\\text { Standards Board }\end{array} \\\hline \begin{array}{c}\text { Loss on fluctuation in } \\\text { foreign exchange rates }\end{array} & \text { Hedging } & \text { Exporting } \\\hline \text { Planned economy } & \text { International licensing } & \begin{array}{c}\text { Foreign Corrupt Practices } \\\text { Act }\end{array} \\\hline\end{array}$

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Definitions:

Compute

To calculate or process by means of a computer or mathematical operations.

Held To Maturity

A classification for debt securities which an investor intends and is able to hold until maturity, recognizing interest income over the term.

Face Value

The nominal or dollar value printed on a security or instrument, such as a bond or stock, representing its legal value.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the loan or deposit amount.