A US Firm Agrees to Import Textiles from Hong Kong and and Pay

question 5

True/False

A U.S. firm agrees to import textiles from Hong Kong and pay in 90 days. The invoice requires payment in Hong Kong dollars. The U.S. importer could hedge this currency risk by buying the HK dollar forward.

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Definitions:

Multicultural

Pertaining to, or representing multiple cultures, highlighting the existence of diverse cultural backgrounds and practices within a society or organization.

Ethnocentric Subculture

A subgroup within a society that holds its own culture, values, and practices as superior to those of the larger society or other groups.

Subcultures

Groups within a larger culture that differentiate themselves through distinct norms, values, and interests.

Work Teams

Groups of individuals who collaborate to achieve a common goal, often within a professional context, leveraging diverse skills and communication.