A Fixed Exchange Rate Is Preferable to a Flexible Exchange

question 95

Multiple Choice

A fixed exchange rate is preferable to a flexible exchange rate because

• A)aggregate economic policies will be more effective.
• B)it is less costly to finance balance-of-payments disequilibria.
• C)periodic devaluations or revaluations will be unnecessary.
• D)None of these.

Identify areas regulated by the government in business affairs, specifically in Australia and New Zealand.

Comprehend the concepts of cultural relativism and universalism and their implications for international business operations.

Appreciate the public's demand for ethical and socially responsible management in organizations.

Understand the concept of ethical dilemmas and their sources.

---

Definitions:

In-depth Relationships

Close and comprehensive connections between individuals or organizations, characterized by a high level of understanding and engagement.

Executive Offices

Refers to the suite of rooms or building spaces used by the top executives of an organization, often including the CEO, COO, and other senior management.

Comparative Management

Studies how management practices differ between countries and cultures.