To Help and Prepare Small Businesses to Handle Crisis They

question 72

Multiple Choice

To help and prepare small businesses to handle crisis they have been recommended to avoid:

• A) planning to stay in business.
• B) protecting their investment.
• C) talking about the crisis to their people.
• D) planning only after the crisis has occurred.

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Definitions:

Functional Currency

The main currency used by a business or entity in its principal economic environment.

Canadian Dollars

The official currency of Canada, often symbolized as CAD.

Translation Gain/Loss

The gain or loss resulting from the conversion of financial statements from one currency to another for consolidation purposes.

Cumulative Translation Gains/Losses

The aggregate change in the value of a foreign entity's equity due to differences in exchange rates over time, recognized in the accumulated other comprehensive income section of equity.