Which of the Following Is the Third Step in Developing

question 63

Multiple Choice

Which of the following is the third step in developing a general framework for ethics?

• A) Act and reflect on the outcome of your decision
• B) Evaluate alternative actions
• C) Get the facts
• D) Make a decision and test it
• E) Recognize an ethical issue

---

Definitions:

Foreign Currency

Currency used in a country other than the home country of the business entity, often involved in international transactions.

Foreign Exchange Gain

A profit resulting from changes in exchange rates when foreign currency holdings are valued at the current exchange rate.

Exchange Rates

The rate at which one currency can be exchanged for another, defining the relative value between two currencies.

Forward Rate

A term used in finance to describe the future exchange rate agreed upon in a forward contract, or the future interest rates as implied by the yield curve.