The Need for International Accords and Corporate Codes of Conducts

question 29

Multiple Choice

The need for international accords and corporate codes of conducts have :

• A) Grown commensurately with the spread of international business
• B) Decreased considerably with the spread of international business
• C) Remained the same with the spread of international business
• D) Decreased due to the countries becoming more socially attune

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Definitions:

LIBOR

The London Interbank Offered Rate, an interest rate average calculated from estimates submitted by the leading banks in London, used as a reference rate for lending and borrowing between banks.

Tokyo Interbank Rate

A benchmark interest rate at which banks lend to each other in the Tokyo interbank market.

Euribor

The interest rate at which banks lend to each other in euros, serving as an important benchmark for various financial instruments in the Eurozone.

FIFO

The first-in, first-out accounting method of inventory valuation.